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 Australian retail sales rose by a seasonally adjusted 0.4% in September, after rising by 0.6% in August.
Analysts had expected Australian retail sales to rise 0.5% in September.
Year-over-year, Australian retail sales rose at an annualized rate of 2.4%, after climbing at a rate of 1.8% in the previous month.
Following the release of the data, the Australian dollar was down heavily against its U.S. counterpart, with AUD/USD tumbling 1.31% to trade at 1.0212.
In a report, the Australian Bureau of Statistics said that Australian retail sales rose by a seasonally adjusted 0.4% in September, after rising by 0.6% in August.
Analysts had expected Australian retail sales to rise 0.5% in September.
Year-over-year, Australian retail sales rose at an annualized rate of 2.4%, after climbing at a rate of 1.8% in the previous month.
Following the release of the data, the Australian dollar was down heavily against its U.S. counterpart, with AUD/USD tumbling 1.31% to trade at 1.0212.