Retail turnover lifts 0.7 per cent in August

Sky News Business Reporter Edward Boyd has analysed the retail sales numbers for August, which were revealed to be up by 0.7 per cent month on month. “Slightly more retail spending than expected during the month of August,” he said. “It says here, ‘warm August lifts retail spending’ – these are the seasonally adjust numbers.” The annual rate of spending has also increased to 3.1 per cent.