Australian retail posts strongest rebound in a year

Retail sales rose 1% in June from the previous month, the biggest increase seen since April 2011.

The performance beat market expectations which had a consensus of just 0.7%, according to BBVA, with the pickup in consumer spending attributed to government subsidies such as carbon rebates and benefit checks.

The strong Aussie dollar also contributed to retail recovery.

BBVA noted that the upbeat retail data lifted sentiment regarding the domestic sector, providing a needed boost for the economy as Australia’s exports continue to be weighed down by global headwinds.

"We think in light of the resilience in the economy, the Reserve Bank of Australia (RBA) is likely to keep its policy rate unchanged at 3.50% in its monthly policy meeting on August 7th. On the trade front, Australia’s posted a better-than-expected trade balance in June, with a surplus of AUD 9 million (Market consensus: a deficit of AUD 375 million), as imports declined 2% m/m in the month, thanks to falling oil prices," BBVA said.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia