Australia Retail Sales Jump 0.5% In October

The total value of retail sales in Australia climbed a seasonally adjusted 0.5 percent on month in October, the Australian Bureau of Statistics said on Friday - standing at A$24.655 billion. The headline figure beat expectations for an increase of 0.4 percent, which would have been unchanged from both the September and August readings. There were rises in food retailing (0.6 percent), department stores (3.5 percent) and household goods retailing (1.1 percent). There were falls in cafes, restaurants and takeaway food services (-0.6 percent) and clothing, footwear and personal accessory retailing (-0.1 percent). Other retailing (0.0 percent) was relatively unchanged. By region, there were rises in New South Wales (0.8 percent), Victoria (0.5 percent), Queensland (0.5 percent), South Australia (0.3 percent), Tasmania (0.8 percent), the Australian Capital Territory (0.6 percent) and the Northern Territory (0.2 percent). Western Australia (0.0 percent) was relatively unchanged. Online retail turnover contributed 3.0 percent to total retail turnover in original terms.

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