- Australian retail sales below forecasts in June
Market news
Australian retail sales below forecasts in June
The trend estimate rose 0.2% in June 2016. This follows a rise of 0.2% in May 2016 and a rise of 0.2% in April 2016.
The seasonally adjusted estimate rose 0.1% in June 2016. This follows a rise of 0.2% in May 2016 and a rise of 0.1% in April 2016.
In trend terms, Australian turnover rose 3.1% in June 2016 compared with June 2015.
The following industries rose in trend terms in June 2016: Other retailing (0.5%), Cafes, restaurants and takeaway food services (0.4%), Clothing, footwear and personal accessory retailing (0.5%) and Department stores (0.1%). Food retailing (0.0%) and Household goods retailing (0.0%) were relatively unchanged in trend terms in June 2016.
The following states and territories rose in trend terms in June 2016: New South Wales (0.3%), Victoria (0.2%), South Australia (0.3%), Western Australia (0.1%) and Tasmania (0.3%). Queensland (0.0%) was relatively unchanged. The Northern Territory (-0.4%) and the Australian Capital Territory (-0.2%) fell in trend terms in June 2016.
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer