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Budget, rate cut fails to boost spending

2015-07-03 10:44:35| Automakers - Topix.net

The May interest rate cut and federal budget measures to loosen small business pursestrings failed to provide a significant boost to retail spending in the month. Australian retail spending rose 0.3 per cent in May, official figures show, short of economists' expectations of a 0.5 per cent rise.

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