October 31, 2024 00:45 GMT
MNI BRIEF: Aussie Retail Trade Growth Slows To 0.1% M/M
MNI (SYDNEY) - Australian retail sales rose 0.1% m/m over September, 20 basis points lower than expected, and 60bp down from August, data from the Australian Bureau of Statistics showed Thursday.
The seasonally adjusted estimate rose 0.5% in the September quarter in volume terms, the ABS noted.
Household goods retailing (0.5%) had the largest rise, having been the only industry to fall last month (-0.4%). Cafes, restaurants and takeaway food services, up 0.4%, was the only other industry to rise this month. Department stores fell 0.5%, while clothing, footwear and personal accessory retailing and food retailing dropped 0.1%.
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