Australia June retail sales pick up as rate cuts cheer consumers

Friday’s data from the Australian Bureau of Statistics (ABS) showed retail sales climbed 0.4% in June after a 0.1% gain in May, beating analysts’ forecast for a 0.3% riseคำพูดจาก สล็อตเว็บตรง. That was the best monthly growth since February when retail sales jumped 0.8%.Retail sales growth has withered in recent months, staying under 1% since late 2017 as Australia’s once-booming housing market weakened dramatically leaving households with a mountain of debt.

Economists are increasingly optimistic good times will return helped by two back-to-back central bank rate cuts, tentative signs of a property market turnaround and government tax rebates to households.“The…