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Australia July Retail Sales Down 1.0% On Month

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Retail sales in Australia declined in July by a seasonally adjusted 1.0 percent compared to June.

The Australian Bureau of Statistics reported Wednesday that the data represented the 2nd straight on-month decline in retail activity, following a 0.8 percent decrease in June. Sales increased 1.2 percent in May.

In July, retail sales totaled a seasonally adjusted A$19.62 billion from the June reading of A$19.82 billion.

July 2009 retail sales were higher that the A$1865 billion.

Food retailing declined 1.9 percent, household goods retailing dropped 3.6 percent and clothing, footwear and personal accessory retailing was down 0.6 percent

In non-seasonally adjusted terms, retail turnover increased 2.3 percent in July compared to June.

(Market News Provided by RTTNews)

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