Australia - Retail Sales for June: +0.7% m/m (vs. expected +0.4%)

Australia - Retail Sales for June: +0.7% m/m (seasonally adjusted)

• expected +0.4% m/m
• prior was +0.3%

The latest Australian Bureau of Statistics (ABS) Retail Trade figures

A strong result, well exceeding expectations on the m/m

More:

• The monthly trend estimate for Australian retail turnover rose 0.3 per cent in June 2015 following a 0.3 per cent rise in May 2015
• The trend estimate rose 4.7 per cent compared to June 2014.