Australian Retail Sales Miss Estimates, Adding to Rate-Cut Case

Big bank shifts rate cut tip as retail sales disappoint

A slow start to the year for consumers continues, with weaker-than-expected retail sales a sign of "scarring" from...

Retail sales edge up in May but miss analyst forecasts

Australian retail sales rose less than expected in May, with a rare fall in food spending offsetting gains in clothing and department stores.

Retail sales rebound as interest rate call looms

Retail spending figures improved in May as colder weather enticed shoppers to buy more clothes. (Mick Tsikas/AAP PHOTOS) By Jacob Shteyman in Canberra Retail sales rebounded as cooler temperatures sent Australian consumers flocking back to the shops in search of winter apparel. Household spending has been subdued to start the year but retail turnover rose 0.2 per cent in May, the Australian Bureau of Statistics revealed on Wednesday. Although be…

Australian Retail Sales Miss Estimates, Adding to Rate-Cut Case

Australian retail sales rose by less than expected in May, prompting traders to cement expectations for a third interest rate cut as soon as next week.

Australia Retail Sales Rise Marginally in May, Boost Hopes for Rate Cut

Local shares rally to highest finish as rate cut looms

The local share market has rallied to close at its highest level after lacklustre retail sales data seemed to seal the deal for a domestic interest rate cut.