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Australia Retail Sales Unchanged In December

The total value of retail sales in Australia was flat in December on a seasonally adjusted basis, the Australian Bureau of Statistics said on Friday, worth A$24.759 billion.

That missed forecasts for an increase of 0.4 percent, which would have been unchanged from the November reading.

For the fourth quarter of 2015, retail sales added 0.6 percent to A$72.062 billion.

That also missed expectations for an increase of 0.9 percent, although it was unchanged from the three months prior.

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