Australia's Retail Sales Increase In June

Australia's retail sales increased in June largely driven by cafes, restaurants and takeaway food services, preliminary data from the Australian Bureau of Statistics showed Wednesday.

Retail turnover advanced 2.4 percent on a monthly basis in June but slower than the 16.9 percent increase in May.

Year-on-year, turnover grew 8.2 percent.

Rises in June were led by cafes, restaurants and takeaway food services, and clothing, footwear and personal accessory retailing. While some restrictions on trade remained in June, many businesses in these industries saw a full month of trade, having been closed for the first week of May, the ABS said.

Turnover in these industries remained below the levels of June 2019.

Food retailing gained 0.9 percent, with a rise in supermarkets and grocery stores offset by a fall in liquor retailing.

Meanwhile, household goods retailing fell in June but this industry continued to trade significantly above the levels of June 2019. Department stores dropped 12 percent following a large rise in May.

News are provided by InstaForex