Australian September Retail Sales +0.4% Vs +0.4% Consensus
fxbom.com
09:45 AM
SYDNEY -(Dow Jones)- Australian retail sales rose a seasonally adjusted 0.4% to A$20.91 billion in September from A$20.82 billion in August and rose 0.6% from A$20.44 billion a year earlier, the Australian Bureau of Statistics said Thursday.
Economists surveyed ahead of the announcement on average had expected a rise of 0.4% in sales for September. Sales had risen 0.6% in August.
The bureau said the trend estimate for retail sales rose 0.3% to A$20.84 billion in September on month. The trend estimate further smoothes the seasonally adjusted numbers.
Sales rose 0.6% in the third quarter from the second, in chain volume terms, compared with expectations for a rise of 0.6%. Retail turnover, in volume terms, rose to A$60.57 billion in the third quarter from A$60.23 billion in the previous quarter.
-By Geoffrey Rogow, Dow Jones Newswires; +61-2-8272-4686 ; geoffrey.rogow@dowjones.com
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