The Australian Bureau of Statistics released its retail sales data on Friday. Retail sales in Australia increased 0.3% in January, missing expectations for a 0.4% rise, after a flat reading in December.

Household goods sales were up 1.0% in January, department stores sales dropped 1.3% and food sales declined 0.2%, while clothing, footwear and personal accessory sales climbed 0.1%.

On a yearly basis, retail sales climbed 4.0% in January, after a 4.2% rise in December.