Home Australia’s Preliminary Retail Sales rebound 16.3% in May, AUD/USD picks up bids

Australia’s Preliminary Retail Sales rebound 16.3% in May, AUD/USD picks up bids

Published date: 19 Jun. 2020 | 03:42

Australia’s consumption, as represented by Retail Sales, rebounded sharply in the month of April, the Australian Bureau of Statistics (ABS) reported on Friday.

The retail sales arrived at +16.3% month-on-month (MoM), compared to the previous month’s reading of -17.7%.

more to come …

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