The ABS has released retail sales data for June, which fell 1.8% over the month to be 2.9% higher year-on-year:
Momentum fading.
The decline in retail sales in June was fairly broad-based with only South Australia and the ACT recording growth:
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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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