Australia – Retail Sales for November: +0.1% m/m (expected is +0.2%)

Retail Sales for November, % m/m

• expected +0.2% m/m
• prior was +0.4%

From the Australian Bureau of Statistics:

• Trend estimate rose 0.4% in November 2014. This follows a rise of 0.4% in October 2014 and a rise of 0.4% in September 2014
• The seasonally adjusted estimate rose 0.1% in November 2014. This follows a rise of 0.4% in October 2014 and a rise of 1.3% in September 2014
• In trend terms, Australian turnover rose 4.5% in November 2014 compared with November 2013