• Australia’s retail sales rose better than expected in June

Market news

4 August 2014

Australia’s retail sales rose better than expected in June

The Australian Bureau of Statistics released retail sales on Monday. Retail sales in Australia gained 0.6% in June, after a 0.3% decline in May. That was the biggest one-month increase since January.

May's figure was revised up from a 0.5% decrease.

Household good retailing rose 1.7%, while food retailing climbed 0.5%. Footwear and personal accessory retailing gained 1.4%.

Sales at cafes, restaurant and takeaway food services fell 0.6%, while sales at department stores decreased 0.5%.

On a quarterly basis, retail sales in Australia decreased 0.2% in the second quarter 2014, after a gain of 1.3% in the previous quarter.

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