Retail sales in Australia were up a seasonally adjusted 0.5 percent on month in May, the Australian Bureau of Statistics said on Wednesday, standing at A$21.307 billion.
That beat forecasts for an increase of 0.2 percent following the upwardly revised 0.1 percent gain in April - which was initially called lower by 0.2 percent.
By individual category, restaurant sales were up 1.0 percent, followed by food retailing and other retailing (both up 0.4 percent), and clothing and department store sales (both up 0.3 percent). Sales of household goods declined 0.1 percent.
by RTT Staff Writer
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