Australian Retail Sales rose 0.4%

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Thursday, May 05 2016

The seasonally adjusted Australian Retail Sales rose 0.4% in March 2016. Analysts were predicting 0.3% increase. This follows a rise of 0.1% in February 2016 and a rise of 0.4% in January 2016. In trend terms, Australian turnover rose 3.6% in March 2016 compared with March 2015.The following industries rose in trend terms in March 2016: Food retailing (0.1%), Clothing, footwear and personal accessory retailing (0.7%), Household goods retailing (0.2%), Other retailing (0.2%) and Department stores (0.1%). Cafes, restaurants and takeaway food services (0.0%) was relatively unchanged in trend terms in March 2016.

Separate report showed that in seasonally adjusted terms, the balance on goods and services was a deficit of $2,163m in March 2016, a decrease of $881m (29%) on the deficit in February 2016, below expected deficit of $2.950m. Goods and services credits rose $1,084m (4%) to $26,529m, while goods and services debits rose $203m (1%) to $28,692m. goods and services credits rose $1,084m (4%) to $26,529m. goods and services debits rose $203m (1%) to $28,692m.

Aussie is currently being traded around 0.75 area. Pair is likely to find support around 0.7450 handle and resistance above 0.7530 level. Later today, in the US session, Unemployment Claims figures will be released.

More in this category: « ISM Non-Manufacturing PMI rose to 55.7 UK Services PMI fell to 52.3 in April »

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