Australian retail trade up
July 4th, 2012 - 2:18 pm ICT by IANSSydney, July 4 (IANS) Australian retail turnover rose 0.5 percent in May, following a rise of 0.1 percent in April, according to figures released Wednesday by the Australian Bureau of Statistics (ABS).
The ABS said the majority of industries recorded a rise in May, with cafes, restaurants and takeaway food services and household goods retailing being the main drivers of the growth, reported Xinhua.
Retail trade rose in the month to 21.31 billion AU dollars ($21.94 billion), compared to 21.20 billion AU dollars ($21.83 billion) in April, the latest ABS data showed.
Economists had forecast a rise of 0.2 percent in May.
Australian economists believe that the better than expected retail trade figures is another sign of picking up in the Australian retail sector.
- Australia's retail turnover falls - May 30, 2012
- Australian retail turnover rises - Apr 03, 2012
- Australia's trade deficit widens - May 08, 2012
- Australia's trade surplus narrows in October - Dec 12, 2011
- Australian home loans up - Aug 08, 2012
- Australia's trade deficit narrows - Apr 04, 2012
- Australia's current account deficit falls in Q3 - Dec 06, 2011
- Australia's current account deficit widens - Mar 06, 2012
- Australia's producer price index down - Apr 23, 2012
- Australian GDP rises - Mar 07, 2012
- Australian capital expenditure goes up - Aug 30, 2012
- Australia's unemployment rate rises - Jul 12, 2012
- Australian trade surplus widens in December - Feb 02, 2012
- China's exports up 15 percent - Jun 11, 2012
- Britain unveils annual budget - Mar 21, 2012
Tags: australian bureau of statistics, bureau of statistics, cafes restaurants, economists, food services, household goods, july 4, retail sector, retail trade, retail turnover, sydney, takeaway food, xinhua