The Australian retail sales grew up in the month of August making it sixth consecutive month of growth and the country has recorded its fifth straight trade surplus with the rise. The central bank of the country is expecting the growth to accelerate in near future.

The retail sales has increased by 0.3% since the month of July and the trade surplus increased to 2.35 billion from a revised 1.74 billion in the month of July.

The report from the Bureau of Statistics said on yesterday in Sydney showed that the job advertisements in the newspapers and on the internet climbed up by 0.7% in the month of September which was the fifth month of gain in a row.

The Reserve Bank of Australia will decided whether to raise the interest rates or not to stable the inflation rate of the country.

The experts are suggesting that the central bank should think about raising the interest rates as the economy of the country is growing up with a good pace. 19 of the 25 analysts polled for the interest rise have voted for raising the interest rates in Sydney.