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Australian Retail Sales rose by 1.0%

The trend estimate rose 0.1% in April 2017. This follows a rise of 0.1% in March 2017 and a rise of 0.1% in February 2017. The seasonally adjusted estimate rose 1.0% in April 2017. This follows a fall of 0.2% in March 2017 and a relatively unchanged February 2017 (0.0%). In trend terms, Australian turnover rose 2.7% in April 2017 compared with April 2016. The following industries rose in trend terms in April 2017: Food retailing (0.2%), Other retailing (0.4%), Cafes, restaurants and takeaway food services (0.2%), and Department Stores (0.4%). Clothing, footwear and personal accessory retailing (-0.4%), and Household goods retailing (-0.1%) fell in trend terms in April 2017.

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UK Retail Sales rose by 2.3%

In April 2017, the quantity bought in the retail industry increased by 2.3% compared with March 2017 and by 4.0% compared with April 2016. The underlying pattern, as measured by the 3 month on 3 month estimate, showed a slight increase in April 2017 following a short period of contraction, increasing by 0.3%.

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Chinese Industrial Production, Retail Sales Growth Slow in April

Broad measures of Chinese economic output slowed in April, although the underlying trend continued to show stability in the world’s second-largest economy. Industrial production, a broad measure of factory output, rose 6.5% in April from a year earlier, the National Bureau of Statistics reported in Beijing. That was down from a multi-year high of 7.6% in March.

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US Retail Sales rose by 0.4%

A pickup in U.S. retail sales last month adds to signs of steady consumer spending that will help propel the economy after a first-quarter slowdown, Commerce Department data showed Friday. Purchases rose 0.4% (forecast was 0.6% rise) after a 0.1% increase the prior month (revised from 0.2% decline).

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