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Australian Retail Sales unchanged in July

Thursday, Sep 01 2016

Australian Retail Sales  rose 0.1% in July 2016. This follows a rise of 0.1% in June 2016 and a rise of 0.1% in May 2016. The seasonally adjusted estimate was relatively unchanged (0.0%) in July 2016. This follows a rise of 0.1% in June 2016 and a rise of 0.1% in May 2016. In trend terms, Australian turnover rose 2.7% in July 2016 compared with July 2015.

The following industries rose in trend terms in July 2016: Cafes, restaurants and takeaway food services (0.5%), Food retailing (0.1%), Other retailing (0.4%) and Clothing, footwear and personal accessory retailing (0.6%). Household goods retailing (-0.4%) and Department stores (-0.9%) fell in trend terms in July 2016.

 

Separate report on Private Capital Expenditure showed that it fell 3.8% in the June quarter 2016 while the seasonally adjusted estimate fell by 5.4%. The trend volume estimate for buildings and structures fell by 7.0% in the June quarter 2016 while the seasonally adjusted estimate fell by 10.6%. The trend volume estimate for equipment, plant and machinery rose by 1.9% in the June quarter 2016 while the seasonally adjusted estimate rose by 2.8%.

 

Aussie is currently being traded around 0.7540 area. Pair is likely to find support around 0.75 handle and resistance above 0.7580 level.

More in this category: « Pending Home Sales rose by 1.3% China's Manufacturing PMI slipped to 50.0 »

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