Australia: Retail Sales for May: +0.2% m/m (expected +0.3%)

Retails sales

• expected +0.3% prior was +0.1%, revised from +0.2%
  

• In seasonally adjusted terms, there were rises in food retailing (0.7 per cent), other retailing (1.4 per cent) and cafes, restaurants and takeaway food services (0.3 per cent).
• Department stores (0.0 per cent) was relatively unchanged.
• There were falls in household goods retailing (-1.1 per cent) and clothing, footwear and personal accessory retailing (-1.2 per cent) in May 2016.

• The trend estimate for Australian retail turnover rose 0.2 per cent in May 2016 following a 0.2 per cent rise in April 2016.
• Compared to May 2015, the trend estimate rose 3.3 per cent.