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Australia Retail Sales Slide 0.4% On Month In December

The total value of retail sales in Australia was down a seasonally adjusted 0.4 percent on month in December, the Australian Bureau of Statistics said on Tuesday.

That missed expectations for a flat reading following the 0.4 percent increase in November.

By category, the following industries rose in December: Food retailing (0.2 percent), Clothing, footwear and personal accessory retailing (0.3 percent), Other retailing (0.1 percent), Cafes restaurants and takeaway food services (0.1 percent), and Department stores (0.1 percent). Household goods retailing was relatively unchanged.

For the fourth quarter of 2018, retail sales added 0.1 percent - also shy of expectations for a gain of 0.5 percent and down from 0.2 percent in the three months prior.

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