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Wednesday, 4 November 2020

Australia Retail Sales Sink 1.1% On Month In September

The total value of retail sales in Australia was down a seasonally adjusted 1.1 percent on month in September, the Australian Bureau of Statistics said on Wednesday - coming in at A$29.157 billion.

That beat forecasts for a decline of 1.5 percent following the 4.0 percent drop in August.

Falls in September month led by household goods retailing (-3.6 percent) and food retailing (-1.5 percent), however both industries continue to trade at elevated levels compared to September 2019.

Other retailing (-0.7 percent), and clothing, footwear and personal accessory retailing (-1.1 percent) also fell in September.

For the third quarter of 2020, retail sales was up 6.5 percent at A$84.808 billion.


The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2166551/

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