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Australian Retail Sales Down 0.2% On Month In September

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Retail sales in Australia eased a seasonally adjusted 0.2 percent on month in September, the Australian Bureau of Statistics said on Wednesday coming in at A$19.72 billion.

That was well below analyst expectations for a 0.5 percent monthly increase following the 0.7 percent gain in August that was revised down from 0.9 percent.]

Department store sales were down 2.9 percent on month in September, the data showed.

For the third quarter, retail sales were down 0.4 percent compared to the previous three months, standing at A$56.959 billion.

(Market News Provided by RTTNews)

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