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Australian Retail Sales Up

SYDNEY- Australian retail sales jumped 1.0 percent in June. These figures were ahead of market market forecasts. Sales rose a modest 0.6 percent in inflation-adjusted dollars, as shoppers paid more for the same amount of goods. Rising wages and low unemployment have buoyed spending, countering the effect of higher interest rates, which rose for the second time in four months today.


Thursday, August 03, 2006



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