The total value of retail sales in Australia dropped a seasonally adjusted 1.1 percent on month in September, the Australian Bureau of Statistics said on Wednesday - standing at A$29.157 billion.
That beat forecasts for a decline of 1.5 percent following the 4.0 percent drop in August.
Falls in September month led by household goods retailing (-3.6 percent) and food retailing (-1.5 percent), however both industries continue to trade at elevated levels compared to September 2019.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.