Australia preliminary retail sales jump in Oct By Reuters



© Reuters.

SYDNEY, Nov 20 (Reuters) – Australian retail sales rebounded by 1.6% in October from the month before, preliminary data showed on Friday, as the second-most populous state of Victoria crept out of a long coronavirus-induced lockdown.

“The reopening of retail stores in Victoria at the end of October led to a boost to all industries, with the exception of food retailing,” said Ben James, a director at the Australian Bureau of Statistics (ABS).

Retail sales in Victoria rose 5.2% from September, while in the most populous New South Wales retail sales climbed 1.6% after falling in August and September, the ABS figures showed.

The ABS will release the final estimate on Dec. 4.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Source link

We will be happy to hear your thoughts

Leave a reply