Australian Retail Sales increased by 0.5% in October

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Friday, Dec 04 2015

The latest Australian Bureau of Statistics (ABS) Retail Trade figures showed that Australian retail turnover rose 0.5% in October 2015 following a rise of 0.4% in September 2015, seasonally adjusted. Analysts were forecasting 0.4% increase. The trend estimate for Australian retail turnover rose 0.3% in October 2015 following a 0.3% rise in September 2015. The trend estimate rose 3.9% in October 2015 compared to October 2014.

In seasonally adjusted terms, there were rises in food retailing, department stores and household goods retailing.There were falls in cafes, restaurants and takeaway food services and clothing, footwear and personal accessory retailing. Other retailing was relatively unchanged.

Aussie is currently being traded around 0.7320 area. Pair is likely to find support around 0.7280 handle and resistance above 0.7360 level. Later today, in the US session, NFP and Trade Balance figures are scheduled for a release.

More in this category: « Non-Manufacturing PMI fell more than expected German Factory Orders rose more than expected »

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