Retail sales miss expectations in May, ABS revises down April sales

RETAIL sales rose less than expected in May, in a sign consumers remain cautious despite deep interest-rate cuts over the past year and a half. Retail sales rose 0.1 per cent in May from a month earlier, the Australian Bureau of Statistics said today, compared with a 0.3 per cent rise expected by economists. Login to read the rest of this article Login using your social network Social Login Social Network * Login with Facebook Login with Twitter Login with LinkedIn Login with Google Login Login using your Newspass account User Login Username * Password * Remember me Login Recommended Coverage No turnaround in services THE services sector has shrunk for the 17th straight month, dragged...