Retail sales in Australia posted a better than expected gain of 1% in June, backing up a strong rise in May. Economists had forecast a ruise of 0.7%.
The volume of retail sales was up 1.4% for the June quarter.
The only segment to decline was household goods retailing, which slipped 0.2%, led lower by electrical goods.
Commonwealth Bank chief economist Michael Blythe says June's retail sales figures show the carbon tax compensation and interest rate cuts are having an effect.
