RSS Australia Retail Sales Climb 0.8% In November

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 RSS Australia Retail Sales Climb 0.8% In November

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According to the Australian Bureau of Statistics, retail sales in Australia experienced a seasonally adjusted growth of 0.8% in November, reaching a total value of A$37.052 billion. This increase fell slightly short of the anticipated 1.0% rise, but it did improve from the 0.6% growth observed in October.

Breaking down by category, sales saw positive movement across various sectors: food sales increased by 0.5%, household goods by 0.6%, clothing by 1.6%, department store sales escalated by 1.8%, other retail categories grew by 0.3%, and takeout food purchases rose by 1.5%.

Regionally, retail sales demonstrated an upward trend across all states and territories, including New South Wales, Victoria, Queensland, South Australia, Western Australia, Tasmania, Northern Territory, and the Australian Capital Territory.

The material has been provided by InstaForex Company - www.instaforex.com
 
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