Australian Retail Data Misses Expectations At Just 0.1% Growth For November

Shoppers ‘fight’ for a retail bargain. Photo: Peter Macdiarmid/Getty Images

Australian retail trade numbers are up 0.1% for November.

The market was expecting 0.2%.

The seasonally adjusted estimate for Australian turnover rose 0.1% in November 2014, following a rise of 0.4% in October 2014 and a rise of 1.3% in September 2014.

The key discretionary indicator of cafes, restaurants and takeaways rose 0.8% for the month, seasonally adjusted. But it was all driven by takeaway food services, which were up 1.9% and dead flat (0.0%) for cafes and restaurants.

Household goods benefited from the increase in housing construction, rising 0.6% for the month, seasonally adjusted.

The big gains were in furniture, floor coverings, houseware and textile goods (+3.1%), while hardware, building and garden supplies was up 0.5%. Electrical goods were down 0.9%.

Australian retail trade November 2014.

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