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Australia Nov Retail Sales +1.4% On Month

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Retail sales in Australia were up a seasonally adjusted 1.4 percent in November compared to the previous month, the Australian Bureau of Statistics said on Thursday, coming in at A$20.08 billion.

That was sharply higher than the 0.3 percent increase that analysts had been expecting following the 0.4 percent gain in October.

Clothing and other accessories were the top gainers, adding 2.5 percent, followed by household goods at 1.7 percent, food at 1.6 percent, restaurants and department stores at 1.1 percent and other retailing at 0.2 percent.

By region, South Australia was the top gainer at 3.1 percent, followed by the Australian Capital Territory at 2.7 percent, Victoria at 2.1 percent, New South Wales at 1.3 percent, Western Australia at 0.7 percent, Queensland at 0.6 percent and the Northern Territory at 0.5 percent. Tasmania was unchanged.

(Market News Provided by RTTNews)

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