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Australian Retail Sales up by 0.2%

Thursday, Feb 05 2015
The seasonally adjusted estimate rose 0.2% in December 2014. This follows a rise of 0.1% in November 2014 and a rise of 0.4% in October 2014. Analysts were expecting 0.3% increase. In trend terms, Australian turnover rose 3.3% in December 2014 compared with December 2013. 
 
The following industries rose in trend terms in December 2014: Food retailing (0.4%), Clothing, footwear and personal accessory retailing (0.6%), Household goods retailing (0.3%), Department stores (0.4%) and Cafes, restaurants and takeaway food services (0.1%). Other retailing (-0.4%) fell in trend terms in December 2014.
 
After the data pair initially went down, but managed to rebound easily and is currently being traded around 0.7780 level. Later today, in the US session Trade Balance and Unemployment Claims figures are scheduled for a release.
More in this category: « US Non-Manufacturing PMI almost unchanged German Factory Orders beat market expectations »

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