Home Australia retail sales drop -0.4% in December, miss estimates

Australia retail sales drop -0.4% in December, miss estimates

Updated: 5 Feb. 2019 | 01:32

Australia’s consumption, as represented by retail sales, dropped sharply in the month of December, missing estimates, the Australian Bureau of Statistics (ABS) reported on Tuesday. The retail sales arrived at -0.4 percent month-on-month, compared to the forecast of -0.1 percent and down from previous month’s reading of 0.4 percent.

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