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REPEAT:MNI: Australia July Retail Sales Flat, Slow Start To Q3 

Repeats Story Initially Transmitted at 01:48 GMT Sep 3/21:48 EST Sep 2
By Sophia Rodrigues
     SYDNEY (MNI) - Australia's retail sales was flat month-on-month in July,
marking a slow start to the third quarter after a strong rise in each of the
three months in the second quarter.
     Data published by the Australian Bureau of Statistics Monday showed retail
sales was flat m/m in July, lower than MNI median forecast for a 0.3% rise. The
outcome follows a 0.4% rise in June.
     In trend terms, retail sales rose 0.3% m/m for five months in a row. This
was a slight slowing from 0.4% rise in the first two months of this year.
     The latest outcome was due to slowing in all categories of retail sales,
except other retailing which rose 1.7% in July versus a 0.2% rise in June.
     Household goods retailing fell 1.2%, marking the biggest fall since the
2.8% drop in December last year. Department stores continued their weak trend,
down 1.9% in July and has declined for five out of the last seven months this
year. 
     Food categories slowed in July, with food retailing up 0.3% versus a 0.4%
rise in June, and food services up 0.6% after a 0.8% rise.
     In trend terms, all categories of retail sales were up in July except
household goods retailing which was flat both in July and June, and was down
from a strong 0.7% rise at the start of the year.
     Below is table for retail turnover (current prices) for July:
                                                 July                       June
--------------------------------------------------------------------------------
                                   (M/M %, seasonally         (M/M %, seasonally
                                            adjusted)                  adjusted)
Retail Sales                                      0.0         +0.4 (no revision)
MNI Median                  +0.1 (range -0.1 to +0.5)
Retail Sales (Trend)                             +0.3          +0.3(no revision)
Food Retailing                                   +0.3                       +0.4
Household Goods                                  -1.2                       +0.2
Clothing, Footwear etc                           -2.0                       +1.9
Department Stores                                -1.9                       -1.3
Other Retailing                                  +1.7                       +0.2
Cafes, Restaurants,
Takeaways                                        +0.6                       +0.8
--MNI Sydney Bureau; tel: +61 2-9716-5467; email: sophia.rodrigues@marketnews.com
[TOPICS: MTABLE]
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