Flash | Australia Retail Retail sales surprise to the upside again in May CITI'S TAKE ABS retail categories grew by 5.7% YoY in May (April: +4.8% YoY). Food grew strongly (+4.3%) while the decline in Alcohol & Tobacco of ~4% was far more moderate than recent months, consistent with market feedback of some stabilsation in tobacco. Despite low consumer confidence, growth in discretionary categories was strong again. Household goods (+6.4% YoY) and Clothing & Footwear (+7.2% YoY) stood out. We think the streng ...