Mar 16
Australian Retail Sales Down 0.6 Percent in May
Monday, 04 July 2011 05:32

Retail sales data (retail sales) Australia showed a decline of 0.6 percent in May compared with the previous month, to 20.611 billion Australian dollars. The number is missed much of the economists who predicted earlier. Following an increase of 1.2 percent (after revision) in April, economists expected sales in May rose 0.3 percent.

However, in trend terms, retail sales still rose 0.3 percent starting in May.

Specified according to components of the data, retail in the food category rose 0.4 percent, followed by other retail 0.7 percent, 0.1 percent of household goods, clothing and personal accessories 0.2 percent, department stores 0.2 percent, while retail cafes, restaurants and fast food rose 0.1 percent.

Meanwhile, if specified per region, retail sales in Victoria rose by 0.5 per cent, Queensland 0.5 per cent, Western Australia 0.8 percent and 0.6 percent of North Zone. For South Australia and Tasmania show a horizontal trend (0.0%). While retail sales in New South Wales and Capital Region each fall 0.2 percent and 0.5 percent in May.