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Australian Sept retail sales bang on consensus

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Bali) - Australian retail sales came in line with expectations at 0.4% for the month of September.

    SEPTEMBER KEY POINTS - ABS

    CURRENT PRICES

    The trend estimate rose 0.3% in September 2015. This follows a rise of 0.3% in August 2015 and a rise of 0.3% in July 2015.

    The seasonally adjusted estimate rose 0.4% in September 2015. This follows a rise of 0.4% in August 2015 and a fall of 0.1% in July 2015.

    In trend terms, Australian turnover rose 3.7% in September 2015 compared with September 2014.

    The following industries rose in trend terms in September 2015: Other retailing (0.6%), Food retailing (0.2%), Cafes, restaurants and takeaway food services (0.4%), Household goods retailing (0.3%). Department stores (0.0%) was relatively unchanged. Clothing, footwear and personal accessory retailing (-0.1%) fell in trend terms in September 2015.

    The following states and territories rose in trend terms in September 2015: Victoria (0.5%), New South Wales (0.3%), Western Australia (0.3%), Tasmania (0.3%), South Australia (0.1%) and the Northern Territory (0.1%). The Australian Capital Territory (0.0%) was relatively unchanged. Queensland (-0.1%) fell in trend terms in September 2015.

    VOLUME MEASURES

    In volume terms, the trend estimate for Australian turnover rose 0.6% in the September quarter 2015.
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