SYDNEY, Oct 30 - Australian retail sales rose at the fastest pace in eight months in September, suggesting some resilience in consumer spending which would add to the case for an interest rate hike as soon as next week.
Sales of A$35.9 billion were up 2.0% from a year earlier, picking up for the first time since August last year when the annual gains peaked at almost 20%. He added that the release of a new iPhone model and the introduction of the government rebate program in Queensland to save energy consumption also helped with spending on household goods.
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