Australia Retail Sales Slump 0.4% In March
(RTTNews) - The total value of retail sales in Australia was down a seasonally adjusted 0.4 percent on month in March, the Australian Bureau of Statistics said on Tuesday - coming in at A$35.663 billion.
That missed forecasts for an increase of 0.2 percent following the 0.3 percent gain in February.
Individually, sales for household goods, clothing, department store, other retailing and cafes all were down in March, while food retailing was up.
On a yearly basis, retail sales rose 0.8 percent.
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Australia Business Sentiment Turns Negative In May: NAB
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Australia Has A$4.896 Billion Current Account Shortfall
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Japan Monetary Base Rises 0.9% On Year In May
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The manufacturing sector in Australia continued to contract, albeit at a slightly slower pace, the latest survey from Judo Bank revealed on Monday with a manufacturing PMI score of 49.7.
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