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Economists Predict Modest Retail Growth Ahead of RBA Meeting

6/29/2025

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Summary

Story summary

Economists are analyzing new property price data ahead of the Reserve Bank's July meeting.
The Australian Bureau of Statistics will release May 2025 retail trade data.
Retail sales growth is projected at 0.2%, with ANZ at 0.3% and AMP at 0.7%.
Analysts expect a modest recovery in clothing sales and ongoing growth in food spending.

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Story summary

Economists are analyzing new property price data ahead of the Reserve Bank's July meeting.
The Australian Bureau of Statistics will release May 2025 retail trade data.
Retail sales growth is projected at 0.2%, with ANZ at 0.3% and AMP at 0.7%.
Analysts expect a modest recovery in clothing sales and ongoing growth in food spending.