Australian Retail Sales increased by 0.1%

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Tuesday, Mar 06 2018

Australian Retail Sales increased by 0.1%

Australian retail turnover rose 0.1 per cent in January 2018, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures. This follows a 0.5 per cent fall in December 2017. "There were offsetting movements by industry with rises in other retailing (1.0 per cent), household goods retailing (0.1 per cent), and cafes, restaurants and takeaways (0.1 per cent) being offset by falls in clothing, footwear and personal accessories (-0.7 per cent) and department stores (-0.6 percent)," Ben James, Director of Quarterly Economy Wide Surveys at the ABS, said. "Food retailing was relatively unchanged (0.0 per cent)."

Separate report on Current Account showed that seasonally adjusted current account deficit rose $3,011 million to $14,024 million in the December quarter 2017. In seasonally adjusted terms, the balance on goods and services deficit in the December quarter 2017 was $117 million, a turnaround of $2,094 million from a surplus of $1,977 million in the September quarter 2017. Imports of goods and services rose $1,953 million and exports of goods and services fell $140 million. The net primary income deficit widened $899m in the December quarter 2017.

More in this category: « ISM Non-Manufacturing PMI fell to 59.5 Eurozone Retail PMI »

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