Modest August retail spending strengthens case for November rate cut
Spending in retail-related categories grew by a modest 3.7% in August compared to the same period in 2024, registering...
Spending in retail-related categories grew by a modest 3.7% in August compared to the same period in 2024, registering $37.8 billion in sales, according to data from the Australian Bureau of Statistics (ABS). This moderation in recent performance underlines the need for the RBA to stay vigilant in considering...