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Australian retail sales rose 0.1% in May after rising 0.1% in April, the Australian Bureau of Statistics reported. Experts had expected a monthly increase of 0.2%. Based on weak retail sales growth in May, Marseil Tieliant, an economist at Capital Economics, predicts a growth of no more than 0.6% in the second quarter. In May, the country sold 0.3% less food products than in April. Sales of clothes fell by 0.2% over the month. The volume of goods sold by department stores fell by 0.4%, while cafes and restaurants increased sales by 0.7%. The Australian Bureau of Statistics published another report, according to which, the number of vacancies for the three months to May decreased by 1.1% compared to the previous three months, while the figure in annual terms grew by 1.8%.
On Monday, the Australian Competition and Consumer Commission (ACCC) filed a case against Google (GOOGL) in federal court after allegations that the multinational technology company misled its consumers about the expanded use of their personal ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
Australian retail sales advanced 2.4% in June. This came as an upbeat figure following a 16.5% increase seen in May as the land down under resumed its economic operations from coronavirus-related lockdowns. The country’s retail sales ...
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