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Australian Retail Sales Remain Tepid as Households Hunker Down

Consumers limit spending but outlook more promising

Consumers are reining in their spending but an expected recovery in disposable incomes could prove a ray of.

Australia Retail Sales Grow at a Snail's Pace in April

Aussie Rises Despite Sluggish Retail Sales, Boosted by Chinese Housing Measures

Australian Dollar strengthened broadly in Asian session today, shrugging off lackluster retail sales data. Instead, Aussie is responding positively to Shanghai's announcement of significant policy measures aimed at boosting the housing market. Yesterday, China's commercial and financial hub declared it would relax home purchase restrictions and provide subsidies for new flat buyers. This move is designed to invigorate the city's real estate sector and comes less than two weeks after the central government introduced a rescue package to prevent a property market collapse.

Australia's retail sales rises 0.1% mom in Apr, weak consumer spending continues

Australia's retail sales rose by 0.1% mom to AUD 35.7B in April, falling short of the expected 0.3% mom increase. This modest rise followed a -0.4% mom decline in March, indicating continued weakness in consumer spending.