GDP rose by 0.2% q/q (1.0% y/y) marginally weaker than we expected (and in line with consensus).
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On a month-on-month, seasonally adjusted basis, the index contracted in July (-2.6%), following downwardly revised growth in June (2.5%, was 2.8%).
Read the full report here: NAB Online Retail Sales Index – JUL24
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