Australia’s Retail Sales jump 0.9% MoM in September vs. 0.3% expected

Australia’s Retail Sales, a measure of the country’s consumer spending, rose 0.9% in September on a monthly basis, as against August’s 0.2% increase, according to the official data published by the Australian Bureau of Statistics (ABS) on Monday. The figure came in better than the market expectation for an increase of 0.3%.