• Australia retail sales jump 1.4 percent in March

Market news

21 April 2021

Australia retail sales jump 1.4 percent in March

RTTNews reports that the Australian Bureau of Statistics said that the value of retail sales in Australia was up a seasonally adjusted 1.4 percent on month in March, coming in at A$30.724 billion.

That beat expectations for an increase of 1.0 percent following the 0.8 percent decline in February.

Cafes, restaurants and takeaway food services (6 percent) led the industry rises, which were driven by Victoria and Western Australia. Similarly, these states saw rises for Clothing, footwear and personal accessory retailing, and Department stores. These rises were offset by a 1 percent fall in Food retailing.

For the first quarter of 2021, retail sales were down 0.1 percent.

Market Focus
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
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.