Retail turnover rose 0.2pct in June

Australia's retail trade hit another record last month, its sixth straight rise this year but also its smallest one so far, the Australian Bureau of Statistics said.

Retail trade was up 0.2 per cent in June, following a revised rise of 0.7 per cent in May, an increase of 0.9 per cent in April and a 1.6 per cent jump in March.

Ben Dorber, head of retail statistics at the ABS, said that turnover rose in three of Australia's six official industries and fell in the others.

"Cost of living pressures appear to be slowing the growth in spending," he said.

Austrlaian Associated PressBack to Breaking News

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