FXStreet (Bali) – Australia’s Aug retail sales came below expectations at +0.4%, in line with median estimates.
Key points
The trend estimate rose 0.2% in August 2015. This follows a rise of 0.3% in July 2015 and a rise of 0.3% in June 2015.
The seasonally adjusted estimate rose 0.4% in August 2015. This follows a fall of 0.1% in July 2015 and a rise of 0.6% in June 2015.
In trend terms, Australian turnover rose 4.3% in August 2015 compared with August 2014.
The following industries rose in trend terms in August 2015: Other retailing (0.5%), Cafes, restaurants and takeaway food services (0.4%), Food retailing (0.1%), Household goods retailing (0.2%), Department stores (0.4%) and Clothing, footwear and personal accessory retailing (0.1%).
The following states and territories rose in trend terms in August 2015: New South Wales (0.4%), Victoria (0.3%), Western Australia (0.2%), Tasmania (0.1%) and the Australian Capital Territory (0.1%). Queensland (0.0%) and South Australia (0.0%) were relatively unchanged. The Northern Territory (-0.1%) fell in trend terms in August 2015.
(Market News Provided by FXstreet)