Australian Retail Sales drop 0.8% MoM in June vs. 0% expected

Consumer spending in Australia, represented by, Retail Sales, dropped 0.8\ % in June over the month, compared with the 0% expected and May’s 0.7% increase, according to the latest data published by the Australian Bureau of Statistics (ABS).

Separately, the Stats agency reported the country’s Producer Price Index (PPI) for Q2, which rose 0.5% QoQ vs. 0.9% expected and 1.0% previous.

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