Australia's Surprise Retail Sales Slide Adds to Gloom
Posted on 3 September 2015 16:45 | DOW JONES INSTITUTIONAL NEWS
SYDNEY—Anyone hoping for Australian retailers to ride to the rescue of the nation's ailing economy will be disappointed by the latest sales figures from department stores, supermarkets and restaurants.
A day after the government reported the worst quarter of economic growth in four years, official data on Thursday showed retail sales fell by 0.1% in July from the previous month—the first time in more than a year that month-to-month sales have fallen.
Australia's Surprise Retail Sales Slide Adds to Gloom Posted on...
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