CCTV.com - CNTV English - CCTV News

Aus. retail sales dip in June over dismal demand

08-04-2011 09:47 BJT

Watch Video

Play Video

Australian retail figures came in soft for June, as consumers expect a near-term hike in interest rates. Retail sales dipped 0.1 percent, while sales for the whole second quarter rose only modestly. However, the resource rich nation boasted another healthy trade surplus of 2 billion Aussie dollars in June as Chinese demand kept export prices high.

Retailers have been complaining of dismal demand as consumers choose to save more and spend less. Although consumers might expect a rate hike, investors are betting on the opposite scenario - that the central bank will soon reverse tightening policy and cut rates because of concern for the global economy.

Monique Arnold shops at Borsellino Brothers in Petersham, Sydney. Picture: Dan Himbrechts Source: The Australian

 

Editor:Li Wanran |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program