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Australian Retail Sales up by 0.5%

Tuesday, Dec 05 2017
Australian Retail Sales up by 0.5%

Australian retail turnover rose 0.5 per cent in October 2017, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures.  This follows a 0.1 per cent rise in September 2017. "In seasonally adjusted terms, there were rises across all industries led by cafes, restaurants and takeaway food services (1.7 per cent)," the Director of the Quarterly Economy Wide Survey, Ben James, said. There were also rises for food retailing (0.3 per cent), clothing, footwear and personal accessory retailing (1.0 per cent), other retailing (0.3 per cent), department stores (0.5 per cent) and household goods retailing (0.1 per cent) in October 2017.

Separate report on Current Account showed that the seasonally adjusted current account deficit fell $539 million to $9,125 million in the September quarter 2017, according to figures released by the Australian Bureau of Statistics today. In seasonally adjusted terms, the balance on goods and services surplus in the September quarter 2017 was $3,056 million. Exports of goods and services fell $154 million and imports of goods and services rose $222 million. The fall in the net primary income of $1,044 million to $11,968m was the main contributor to the narrowing of the current account deficit in the September quarter 2017.

More in this category: « US Factory Orders fell by 0.1% RBA left interest rates unchanged as expected »

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