Wednesday, October 1, 2014

Dollar drops on weak retail sales growth

A steep fall in sales for department stores and household goods retailers has kept turnover fairly flat in August.


Overall, the Bureau of Statistics figures show retail turnover edged up 0.1 per cent in the last month of winter to $23.3 billion.


However, economist forecasts had centred on a rise of 0.4 per cent for the month, and the Australian dollar was quickly sold off on the data.






from Retail http://ift.tt/1DXOLvZ

via IFTTT

No comments:

Post a Comment