Australian retail sales slightly below expectations in Nov

FXStreet (Bali) - Australian retail sales s.a. (MoM) for November came at 0.1% vs 0.2% exp and 0.4% last.

Key points

The trend estimate rose 0.4% in November 2014. This follows a rise of 0.4% in October 2014 and a rise of 0.4% in September 2014.

The seasonally adjusted estimate rose 0.1% in November 2014. This follows a rise of 0.4% in October 2014 and a rise of 1.3% in September 2014.

In trend terms, Australian turnover rose 4.5% in November 2014 compared with November 2013.

The following industries rose in trend terms in November 2014: Food retailing (0.4%), Household goods retailing (0.5%), Department stores (0.6%), Cafes, restaurants and takeaway food services (0.3%) and Clothing and footwear (0.5%). Other retailing (-0.1%) fell in trend terms in November 2014.

The following states and territories rose in trend terms in November 2014: New South Wales (0.5%), Victoria (0.3%), Western Australia (0.3%), South Australia (0.6%), the Australian Capital Territory (0.9%), the Northern Territory (0.1%) and Tasmania (0.1%). Queensland (0.0%) remained relatively unchanged.