date:Jul 29, 2014
The Index shows year-on-year retail sales growth was 5.2 per cent in the June quarter down from 5.8 per cent in the March quarter, and year-on-year growth for the month of June was 4.9 per cent with a turnover of $23.11 billion, up from $23.01 billion in March.
Australian Food Grocery Council CEO Gary Dawson said It's pleasing to see growth is still quite strong at around 5 percent given that this period includes the impact on consumer sentiment of the May Federal Budget. Interest rates contin