Australia Retail Sales for August comes in at a higher than expected 0.3%
- expected +0.2% m/m
- prior 0.0%
A better than expected result. Not going to se the world on fire though this reading. Concerns will remain about slow wage growth and high household debt as a negative for consumer spending and thus economic growth. Still, an OK result today, better than it could have been!
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For background:
