Sunday, July 1, 2007

Australia's Retail Sales Growth Probably Accelerated to 0.7 Percent in May

(Bloomberg) -- Australia's retail sales growth
probably accelerated in May, marking the 12th straight increase,
as job gains and rising wages buoyed spending.

Sales rose 0.7 percent after gaining 0.1 percent in April,
according to the median estimate of 24 economists surveyed by
Bloomberg News. The Bureau of Statistics will release the report
tomorrow at 11:30 a.m. in Sydney.


Read more at Bloomberg Bonds News

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