Australia May Retail sales: +0.4% m/m (vs. expected +0.3%) - ConsultFX

Australia May Retail sales: +0.4% m/m (vs. expected +0.3%)

A beat for this data point, and it outweighs the miss on the trade balance - expected +0.3% m/m -  prior +0.4% High household debt and slow wage growth has been holding back consumer spending so this better than expected result is a nice surprise