• Paul Bloxham: HSBC chief economist on Australia's retail sales rebounding after winter downturn

  • Oct 1 2024
  • Length: 4 mins
  • Podcast

Paul Bloxham: HSBC chief economist on Australia's retail sales rebounding after winter downturn

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  • Summary

  • Australian retail sales rebounded by more than expected in August as warmer weather brought forward spring spending after a midwinter slump.

    According to the Australian Bureau of Statistics, retail sales rose 0.7 percent - beating out initial predictions of 0.4 percent.

    HSBC chief economist Paul Bloxham says it's clear recent tax cuts have driven up consumer spending.

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