Investing.com – Retail sales in Australia fell unexpectedly in October, official data showed on Thursday.
In a report, the Australian Bureau of Statistics said that retail sales fell by a seasonally adjusted 1.1% in October, after rising by 0.1% in September, whose figure was revised down from 0.3%.
Analysts had expected retail sales to increase by 0.4% in October.
The report also showed that Australia's trade surplus widened more-than-expected in October, rising to AUD 2.63 billion, up from AUD 1.81 billion in September, whose figure was revised up from AUD 1.76 billion.
Analysts had expected Australia’s trade surplus to widen to AUD 2.07 billion in October.
Following the release of the data, the Australian dollar was down against its U.S. counterpart, with AUD/USD shedding 0.03% to hit 0.9681.
In a report, the Australian Bureau of Statistics said that retail sales fell by a seasonally adjusted 1.1% in October, after rising by 0.1% in September, whose figure was revised down from 0.3%.
Analysts had expected retail sales to increase by 0.4% in October.
The report also showed that Australia's trade surplus widened more-than-expected in October, rising to AUD 2.63 billion, up from AUD 1.81 billion in September, whose figure was revised up from AUD 1.76 billion.
Analysts had expected Australia’s trade surplus to widen to AUD 2.07 billion in October.
Following the release of the data, the Australian dollar was down against its U.S. counterpart, with AUD/USD shedding 0.03% to hit 0.9681.