Retails sales up? Really?

02 June 2011 | 17:30 - By Ricardo Goncalves

The latest numbers from the Australian Bureau of Statistics would have you believe that we are spending more money at the shops. 

Retail sales in April rose 1.1%. That is more than the 0.4% the market was expecting. This data release is quite volatile.

 So the question is: can this rate of spending be maintained?

It’s worth noting that interesting such figures come after the GDP report, which shows Australians are saving more and more because they are expecting tougher economic times, amid vocal calls from the Reserve Bank to be ready for an imminent interest rate rise.
 

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Comments (2)

06 Jun 2011 16:43 AEST

J

From: Syd

online

online stores is the way to go!

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02 Jun 2011 17:48 AEST

K

From: Melbourne

No way!

No way jose! I rarely step foot in a retail store these days unless utterly necessary. More out of principal than anything.

Agree (1 people agree)    Disagree (0 people disagree) Report this
 

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About this Blog

SBS Presenter Ricardo Goncalves with the latest in finance.

Ricardo Goncalves Ricardo Goncalves is a Presenter / Reporter for SBS World News Australia

 
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