Australian Retail Sales up by 0.7%

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Tuesday, Apr 07 2015

Retail Sales in Australia rose 0.7% in February 2015, beating market forecasts on 0.4% growth. This follows a rise of 0.5% in January 2015 and a rise of 0.1% in December 2014. The following industries rose in trend terms in February 2015: Household goods retailing (0.6%), Food retailing (0.2%), Cafes, restaurants and takeaway food services (0.5%), Clothing, footwear and personal accessory retailing (0.6%), Other retailing (0.1%) and Department stores (0.1%).

Separate report on Anz job advertisements showed fall in March for the first time in nine months, as both online and newspaper vacancies declined. ANZ said ads were down 1.4% month on month, with internet advertising off 1.3% and newspapers down 3.6%. ANZ chief economist Warren Hogan said growth rates in jobs advertising may have peaked.

Data did not have any major impact on the markets as traders were cautious ahead of RBA interest rate decision. After it Aussie was pushed sharply up and is currently being traded around 0.77 handle. Pair is likely to find support around 0.7650 and resistance above 0.7750 area. Later today, in the US session, JOLTS Job Openings figures are scheduled for a release.

More in this category: « US Non-Manufacturing PMI slightly lower in March Aussie higher after RBA Statement »

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