Australia Retail Sales for June 2025: +1.2% m/m (expected +0.4%)
Australia Retail Sales for June 2025:
+1.2% m/m, much better!
- expected +0.4%, prior +0.2%
For the q/q, comes in at +0.3%, up from
- prior +0.1%
We had remarks earlier from Reserve Bank of Australia Deputy Governor Hauser:
He'll be happy with these results. June is a big month for discounting, but, still, that factor is expressed in the 'expected'. The results are a solid, and welcome, beat.