Australia November Retail Sales Up 0.4%

(RTTNews) - Retail sales in Australia rose in November by a seasonally adjusted 0.4 percent.

The Australian Bureau of Statistics also reported Wednesday that trend retail sales increased by 0.1 percent on month. The trend figure further smoothes the seasonally adjusted figure.

The result follows a trend increase of 0.2 percent in each of the preceding three months.

November trend 2008 retail sales increased 1.9 percent over those in November 2007.

The statistics bureau said the increase in the trend figure was led by food retailing, up 0.7 percent and other retailing, up 0.6 percent. Decreases in the trend came from Department stores down 0.4 percent, clothing and soft goods retailing down 0.3 percent.

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Posted in Categories: Australia, Economy, Releases.

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