Investing.com – Retail sales in Australia rose less-than-expected in September, official data showed on Thursday.
In a report, the Australian Bureau of Statistics said that retail sales rose by a seasonally adjusted 0.3% in September, after rising by 0.3% in August.
Analysts had expected retail sales to increase by 0.5% in September.
The report showed that Australia's trade surplus narrowed more-than-expected in September, falling to AUD 1.76 billion, down from 2.45 billion in August, whose figure was revised up from AUD 2.35 billion.
Analysts had expected Australia’s trade surplus to fall to AUD 2.13 billion in September.
Following the release of the data, the Australian dollar was down against its U.S. counterpart, with AUD/USD shedding 0.08% to hit 1.0053.
In a report, the Australian Bureau of Statistics said that retail sales rose by a seasonally adjusted 0.3% in September, after rising by 0.3% in August.
Analysts had expected retail sales to increase by 0.5% in September.
The report showed that Australia's trade surplus narrowed more-than-expected in September, falling to AUD 1.76 billion, down from 2.45 billion in August, whose figure was revised up from AUD 2.35 billion.
Analysts had expected Australia’s trade surplus to fall to AUD 2.13 billion in September.
Following the release of the data, the Australian dollar was down against its U.S. counterpart, with AUD/USD shedding 0.08% to hit 1.0053.