Australian Retail Sales increased by 0.4%

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Wednesday, Nov 04 2015

Australian retail turnover rose 0.4% in September 2015 following a rise of 0.4% in August 2015, seasonally adjusted. Compared to September 2014 the trend estimate rose 3.7%. In seasonally adjusted terms there were rises in household goods retailing, cafes, restaurants and takeaway food services, food retailing, other retailing and clothing, footwear and personal accessory retailing. Department stores fell 2.0%.

Separate report on Trade Balance showed that in seasonally adjusted terms, the balance on goods and services was a deficit of $2,317m in September 2015, a decrease of $394m (15%) on the deficit in August 2015. Analysts were expecting deficit of $2,850m. Goods and services credits rose $901m (3%) to $27,428m, while goods and services debits rose $507m (2%) to $29,745m.

After the release Aussie was pushed slightly higher and is currently being traded around 0.7210 handle. Pair is likely to find support around 0.7150 area and resistance above 0.7250 level. Later today, in the US session, ADP job figures, Trade Balance data and Janet Yallen testimony are scheduled for a release.

More in this category: « U.S. factory goods fell for a second straight month Euro lower despite solid Services PMI data »

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