Australia's Dec retail sales fails to meet expectations

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Australia's December retail sales came at 0.0% m/m vs 0.5% expected and 0.4% last.

    DECEMBER KEY POINTS

    CURRENT PRICES: The trend estimate rose 0.3% in December 2015. This follows a rise of 0.3% in November 2015 and a rise of 0.4% in October 2015.
    The seasonally adjusted estimate was relatively unchanged (0.0%) in December 2015. This follows a rise of 0.4% in November 2015 and a rise of 0.6% in October 2015.

    In trend terms, Australian turnover rose 4.0% in December 2015 compared with December 2014.

    The following industries rose in trend terms in December 2015: Food retailing (0.4%), Household goods retailing (0.4%), Clothing, footwear and personal accessory retailing (0.4%) and Department stores (0.4%). Other retailing (0.0%) and Cafes, restaurants and takeaway food services (0.0%) were relatively unchanged in trend terms in December 2015.

    The following states and territories rose in trend terms in December 2015: Victoria (0.4%), New South Wales (0.3%), Queensland (0.3%), South Australia (0.3%), the Australian Capital Territory (0.8%), Tasmania (0.3%) and the Northern Territory (0.2%). Western Australia (0.0%) was relatively unchanged in trend terms in December 2015.

    VOLUME MEASURES: In volume terms, the trend estimate for Australian turnover rose 0.5% in the December quarter 2015.
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