Australia's retail sales increased by 0.5% in July

Australia's unexpectedly strong rebound in retail sales in July showed that consumption remained resilient even after the RBA raised interest rates 12 times.

Data released recently by the Australian Bureau of Statistics showed retail sales rose 0.5 percent month-on-month in July, above expectations of 0.3 percent. The increase was driven by the non-food sector. "July's growth was driven by increased spending on meals and takeaways related to the 2023 Women's World Cup and school holidays," said Ben Dorber, head of retail statistics at the Australian Bureau of Statistics. 

澳大利亚7月零售销售环比增长0.5%

澳大利亚7月份零售销售强劲反弹，即使在澳洲联储12次加息之后，消费仍保持弹性。

澳大利亚统计局最近公布的数据显示，7月份零售销售环比增长0.5%，高于预期的0.3%。这一增长是由非食品行业推动的。澳大利亚统计局零售统计主管本·多伯（Ben Dorber）称：“与2023年女足世界杯和学校假期有关的餐饮和外卖支出增加，推动了7月份的增长。”。