Economic Buzz: Australia Retail Sales Fall 0.2% On Month In October

28 Nov 2022 , 12:11 PM

Australias retail sales fell 0.2 percent month-on-month in October, reversing a 0.6 percent stable rate of increase in September, figures from the Australian Bureau of Statistics showed on Monday. Further, sales declined for the first time this year. Sales at department stores decreased the most by 2.4 percent over the month, and sales of clothing, footwear, and personal accessories slid 0.4 percent. Meanwhile, the food retailing segment rose 0.4 percent. On a yearly basis, retail sales growth eased to a 4-month low of 12.5 percent in October from 17.9 percent a month ago.Powered by Commodity Insights