Sales turnover across most categories dips amid cost-of-living pressures ahead of RBA decision on cash rate next week
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Australian shoppers trimmed their spending in June amid a cost-of-living squeeze, adding to the case for the Reserve Bank to extend its interest rate pause for another month.
Retail turnover fell 0.8% last month, erasing a monthly increase of that amount in May, the Australian Bureau of Statistics said on Friday. Economists had expected spending to be unchanged for the month.
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