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Australian retail sales in line with expectations

FXStreet (Bali) - Australian Retail Sales s.a. (MoM) (Apr) came at +0.2% vs +0.2% exp and 0.1% last.

Official release

The trend estimate rose 0.4% in April 2014. This follows a rise of 0.4% in March 2014 and a rise of 0.5% in February 2014.
The seasonally adjusted estimate rose 0.2% in April 2014. This follows a rise of 0.1% in March 2014 and a rise of 0.2% in February 2014.

In trend terms, Australian turnover rose 6.0% in April 2014 compared with April 2013. The following industries rose in trend terms in April 2014: Food retailing (0.3%), Household goods retailing (0.6%), Cafes, restaurants and takeaway food services (0.7%) and Other retailing (0.2%). Department stores was relatively unchanged (0.0%). Clothing, footwear and personal accessory retailing (-0.1%) fell in trend terms in April 2014.

The following states and territories rose in trend terms in April 2014: New South Wales (0.7%), Victoria (0.5%), Queensland (0.2%), Tasmania (0.3%) and the Northern Territory (0.4%). Western Australia (-0.2%), the Australian Capital Territory (-0.7%) and South Australia (-0.1%) fell in trend terms in April 2014.

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