Market news
06.03.2018, 06:59

Australian retail sales rose less than expected in January

Australian retail turnover rose 0.1 per cent in January 2018, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures.

This follows a 0.5 per cent fall in December 2017.

"There were offsetting movements by industry with rises in other retailing (1.0 per cent), household goods retailing (0.1 per cent), and cafes, restaurants and takeaways (0.1 per cent) being offset by falls in clothing, footwear and personal accessories (-0.7 per cent) and department stores (-0.6 percent)," Ben James, Director of Quarterly Economy Wide Surveys at the ABS, said. "Food retailing was relatively unchanged (0.0 per cent)."

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