Australian Retail Sales rose 0.2%

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Thursday, Jun 02 2016

The trend estimate rose 0.2% in April 2016. This follows a rise of 0.2% in March 2016 and a rise of 0.2% in February 2016. The seasonally adjusted estimate rose 0.2% in April 2016. Analysts were predicting 0.3% increase. This follows a rise of 0.4% in March 2016 and a rise of 0.1% in February 2016. In trend terms, Australian turnover rose 3.4% in April 2016 compared with April 2015.

The following industries rose in trend terms in April 2016: Clothing, footwear and personal accessory retailing (0.8%), Cafes, restaurants and takeaway food services (0.3%), Household goods retailing (0.2%) and Other retailing (0.2%). Food retailing (0.0%) was relatively unchanged. Department stores (-0.1%) fell in trend terms in April 2016.

Separate report on Trade Balance showed that in trend terms, the balance on goods and services was a deficit of $1,943m in April 2016, a decrease of $434m (18%) on the deficit in March 2016. In seasonally adjusted terms, the balance on goods and services was a deficit of $1,579m in April 2016, a decrease of $392m (20%) on the deficit in March 2016.

Aussie is currently being traded few points above 0.7240 level. Pair is likely to find support around 0.7220 handle and resistance above 0.7330 level. Later today, in the US session, ADP job figures and Unemployment Claims are scheduled for a release.

More in this category: « UK manufacturing sector rebounded in May Spain posted biggest fall in unemployment ever recorded in May »

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