Australia Retail Trade Drops Further In May

Australia's retail sales declined at a faster rate in May, the Australian Bureau of Statistics said on Thursday - sliding a seasonally adjusted 0.5 percent on month in May.

That was faster than the decline of 0.1 percent in April, and it missed forecasts for no change.

Clothing, footwear and personal accessory sales fell the most, by 2.3 percent in May, following the 0.2 percent fall in April.

This was followed by a 2.6 percent decline in department store sales, almost reversing the 2.7 percent rise in April.

Household goods retailing dropped 0.9 percent and other retail sales slid 0.4 percent on month in May.

However, food retailing and cafes, restaurants and takeaway food services rose by 0.1 percent each in May.

Among the states, sales in Victoria decreased the most, by 1.1 percent. Meanwhile, sales in South Australia increased 0.2 percent in May.

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