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The ABS has released retail sales data for July, which fell 2.7% month-on-month to be 3.1% lower year-on-year:
Second straight monthly fall.
Sales were obviously negatively impacted by lockdowns:
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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