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- Australia retail sales slide 0.4% in December
Australia retail sales slide 0.4% in December
The Australian Bureau of Statistics said, the total value of retail sales in Australia was down a seasonally adjusted 0.4% on month in December. This follows a rise of 0.5% in November 2018. Sales were expected to decline 0.1%.
The trend estimate rose 0.2% in December 2018. This follows a rise of 0.2% in November 2018 and a rise of 0.2% in October 2018.
In trend terms, Australian turnover rose 3.2% in December 2018 compared with December 2017.
The following industries rose in trend terms in December 2018: Food retailing (0.2%), Clothing, footwear and personal accessory retailing (0.3%), Other retailing (0.1%), Cafes restaurants and takeaway food services (0.1%), and Department stores (0.1%). Household goods retailing was relatively unchanged (0.0%).
In volume terms, the trend estimate for Australian turnover rose 0.3% in the December quarter 2018.
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