Australian retail sales misses expectations in December

FXStreet (Bali) - Australian retail sales s.a. for the month of December came at 0.2% vs 0.4% exp and 0.1% last.

Key points

The trend estimate rose 0.2% in December 2014. This follows a rise of 0.3% in November 2014 and a rise of 0.3% in October 2014.

The seasonally adjusted estimate rose 0.2% in December 2014. This follows a rise of 0.1% in November 2014 and a rise of 0.4% in October 2014.

In trend terms, Australian turnover rose 3.3% in December 2014 compared with December 2013.

The following industries rose in trend terms in December 2014: Food retailing (0.4%), Clothing, footwear and personal accessory retailing (0.6%), Household goods retailing (0.3%), Department stores (0.4%) and Cafes, restaurants and takeaway food services (0.1%). Other retailing (-0.4%) fell in trend terms in December 2014.

The following states and territories rose in trend terms in December 2014: New South Wales (0.3%), Western Australia (0.3%), Queensland (0.2%), South Australia (0.5%), Victoria (0.1%), the Australian Capital Territory (0.8%) and the Northern Territory (0.3%). Tasmania (-0.2%) fell in trend terms in December 2014