Global Economic News

Australia Retail Sales Dip 0.1% In March

Retail sales in Australia were down a seasonally adjusted 0.1 percent on month in March, the Australian Bureau of Statistics said on Tuesday - coming in at A$25.630 billion.

That missed forecasts for an increase of 0.3 percent following the downwardly revised 0.2 percent decline in February (originally -0.1 percent).

For the first quarter of 2017, retail sales gained 0.1 percent on quarter.

That also missed forecasts for an increase of 0.5 percent following the downwardly revised 0.7 percent jump in the three months prior (originally 0.9 percent).

by RTTNews Staff Writer

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