Tag: Current Accounts

Australian retailers saw a small uptick in sales during December, with a 0.2 percent increase in retail trade recorded by the Australian Bureau of Statistics for the month.

The Australian economy grew by 1.2 percent in the June quarter, with growth through the year to June at 3.3 percent in figures released today by the ABS, placing pressure on the RBA to increase interest rates before the end of the year.

Retail trade continued to improve in July, with ABS Retail Trade figures up 0.7 percent in July, seasonally adjusted in addition to Australia’s Current Account Deficit shrinking on the back of an increase in exports.