Australia’s retail sales grew in January after falling in the previous month, preliminary data from the Australian Bureau of Statistics showed on Friday.
Retail turnover increased 0.6 percent month-on-month in January, after a 4.1 percent decline in December. Economists had forecast a 4.2 percent fall.
There were declines in turnover in food retailing, household goods retailing, clothing, footwear and personal accessory retailing, and department stores in January.
On a yearly basis, retail sales surged 10.7 percent in January, following a 9.6 percent growth in the previous month.
For comments and feedback contact: editorial@rttnews.com
[Economic News][1]
What parts of the world are seeing the best (and worst) economic performances lately? Click[here][2] to check out our [Econ Scorecard][2] and find out! See up-to-the-moment rankings for the best and worst performers in [GDP][3], [unemployment rate][4], [inflation][5] and much more.
- www.rttnews.com/Content/EconomicNews.aspx
- www.rttnews.com/economic-scorecard/world-rank/retail-sales/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/GDP/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/unemployment-rate/lowest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/CPI/highest-performance.aspx