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Australian Retail Sales Weaker Than Expected in May
SYDNEY--Australia's retail sales growth was weaker than expected in May, sending a further signal that the economy is struggling to gather momentum even as interest rates are being cut. Retail turnover rose 0.2% in May, the Australian Bureau of Statistics said Wednesday. Economists had expected a 0.3% increase over the month.
The comments come ahead of the RBA’s next monetary policy meeting, where the central bank is widely tipped to deliver its ...
Australia's property prices jumped in June to another record high as rate cuts and expectations of more to come boosted buyer ...
One of the major banks has made a power move ahead of the next Reserve Bank meeting to decide the cash rate, introducing new ...
All of the nation’s biggest banks believe official interest rates will be cut when the Reserve Bank meets next week.
Australia’s housing market gained further traction in June, with national home values rising 0.6% month-on-month, according ...
All four major banks are singing from the same hymn sheet and it’s likely to be welcome news for homeowners. ANZ has become ...
Home values have edged up for the fifth month in a row, with the Reserve Bank next week set to deliver further relief to ...
Foreign investors are funnelling capital into Australian commercial real estate, with falling interest rates also boosting ...
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