logo
  

Australia Retail Sales Slip 3.9% In December

The value of retail sales in Australia was down a seasonally adjusted 3.9 percent on month in December, the Australian Bureau of Statistics said on Tuesday - coming in at A$34.472 billion.

That missed expectations for a decline of 0.3 percent following the 1.4 percent increase in November.

By category, department store sales were down 14.3 percent on month, while clothing sales fell 13.1 percent, household goods sank 7.8 percent, other retailing fell 4.6 percent and food retailing rose 0.3 percent.

On a yearly basis, retail sales climbed 7.5 percent.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT