Australian Retail Sales rose 0.3% in January

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Friday, Mar 04 2016

The trend estimate rose 0.3% in January 2016. This follows a rise of 0.3% in December 2015 and a rise of 0.3% in November 2015. The seasonally adjusted estimate rose 0.3% in January 2016. Analysts were forecasting 0.4% rise. This follows a relatively unchanged December 2015 (0.0%) and a rise of 0.4% in November 2015. In trend terms, Australian turnover rose 4.0% in January 2016 compared with January 2015.

The following industries rose in trend terms in January 2016: Food retailing (0.3%), Household goods retailing (0.5%), Clothing, footwear and personal accessory retailing (0.3%), Cafes, restaurants and takeaway food services (0.2%) and Other retailing (0.2%). Department stores (0.0%) was relatively unchanged in trend terms in January 2016.

Aussie is currently being traded around 0.7350 area. Pair is likely to find support around 0.7250 handle and resistance above 0.7450 level. Later today, in the US session, NFP and Trade Balance figures are scheduled for a release.

More in this category: « Unemployment Claims increased by 6,000 Eurozone Retail PMI at a four-month high »

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