Australians Close Their Wallets as Retail Sales, Imports Tumble
Sale signs are displayed inside a Cotton On clothing store in the Manly Corso retail area in Sydney, Australia. (Photographer: Brendon Thorne/Bloomberg)

Australians Close Their Wallets as Retail Sales, Imports Tumble

(Bloomberg) -- Australian retail sales suffered the biggest drop in 12 months and imports slumped by the most in almost seven years, raising doubts about the resilience of household spending.
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