Retail Sales rose 0.4% in August

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Friday, Oct 02 2015

Australian Retail Sales rose 0.4% in August compared to the July. This was in line with market forecasts. In trend terms, Australian turnover rose 4.3% in August 2015 compared with August 2014. The trend estimate rose 0.2% in August 2015. This follows a rise of 0.3% in July 2015 and a rise of 0.3% in June 2015.

The following industries rose in trend terms in August 2015: Other retailing (0.5%), Cafes, restaurants and takeaway food services (0.4%), Food retailing (0.1%), Household goods retailing (0.2%), Department stores (0.4%) and Clothing, footwear and personal accessory retailing (0.1%).

Aussie is currently being traded around 0.7030 area. Pair is likely to find support around 0.70 handle and resistance above 0.7080 level. Later today, in the US session, NFP figures are scheduled for a release.

More in this category: « Unemployment Claims rose to 277,000, Spanish unemployment increased by 26,087 »

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