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3 Jul 2014
Australian retail sales: Another nail in the coffin for the AUD
FXStreet (Bali) - Australian retail sales disappointed in June, by falling 0.5% vs 9% expected, producing yet another sharp decline in the Australian Dollar, trading now below 0.94 cents.
Key facts
The trend estimate was relatively unchanged (0.0%) in May 2014. This follows a rise of 0.1% in April 2014 and a rise of 0.2% in March 2014. The seasonally adjusted estimate fell 0.5% in May 2014. This follows a fall of 0.1% in April 2014 and a relatively unchanged (0.0%) March 2014. In trend terms, Australian turnover rose 5.3% in May 2014 compared with May 2013.
The following industries rose in trend terms in May 2014: Cafes, restaurants and takeaway food services (0.4%) and Food retailing (0.1%). Household goods retailing was relatively unchanged (0.0%). Clothing, footwear and personal accessory retailing (-0.6%), Other retailing (-0.1%) and Department stores (-0.2%) fell in trend terms in May 2014.
The following states and territories rose in trend terms in May 2014: New South Wales (0.3%), the Northern Territory (0.3%) and Tasmania (0.1%). Victoria (0.0%) and Queensland (0.0%) were relatively unchanged. Western Australia (-0.4%), the Australian Capital Territory (-0.6%) and South Australia (-0.1%) fell in trend terms in May 2014.
Key facts
The trend estimate was relatively unchanged (0.0%) in May 2014. This follows a rise of 0.1% in April 2014 and a rise of 0.2% in March 2014. The seasonally adjusted estimate fell 0.5% in May 2014. This follows a fall of 0.1% in April 2014 and a relatively unchanged (0.0%) March 2014. In trend terms, Australian turnover rose 5.3% in May 2014 compared with May 2013.
The following industries rose in trend terms in May 2014: Cafes, restaurants and takeaway food services (0.4%) and Food retailing (0.1%). Household goods retailing was relatively unchanged (0.0%). Clothing, footwear and personal accessory retailing (-0.6%), Other retailing (-0.1%) and Department stores (-0.2%) fell in trend terms in May 2014.
The following states and territories rose in trend terms in May 2014: New South Wales (0.3%), the Northern Territory (0.3%) and Tasmania (0.1%). Victoria (0.0%) and Queensland (0.0%) were relatively unchanged. Western Australia (-0.4%), the Australian Capital Territory (-0.6%) and South Australia (-0.1%) fell in trend terms in May 2014.