Australia Retail Sales Sink 1.1% In February
The total value of retail sales in Australia was down a seasonally adjusted 1.1 percent on month in February, the Australian Bureau of Statistics said on Friday – coming in at A$30.192 billion.
That missed expectations for an increase of 0.4 percent following the 0.3 percent gain in January.
By industry, food retailing led the falls, down 3 percent. All states and territories saw a fall in Food retailing, although the industry remains 6.5 percent above the levels of February 2020.
On a yearly basis, retail sales were up 8.7 percent.
The material has been provided by InstaForex Company – www.instaforex.com