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ABS Releases Preliminary Retail Sales

AUSTRALIA

The Australian Bureau of Statistics has published preliminary retail sales data for the month of August. The ABS notes that:

  • The seasonally adjusted estimate fell 4.2% (-$1,276.3m) from July 2020 to August 2020.
  • In seasonally adjusted terms, Australian turnover rose 6.9% in August 2020 compared with August 2019. This compares to an annual movement of 12.0% in July 2020.
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