{"id":10712,"date":"2010-07-01T09:20:24","date_gmt":"2010-07-01T13:20:24","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=10712"},"modified":"2010-07-01T09:20:24","modified_gmt":"2010-07-01T13:20:24","slug":"australian-retail-sales-edge-higher-in-may-building-approvals-fall","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/07\/01\/australian-retail-sales-edge-higher-in-may-building-approvals-fall\/","title":{"rendered":"Australian Retail Sales edge higher in May. Building Approvals fall."},"content":{"rendered":"<p><strong>By CountingPips.com<\/strong><\/p>\n<p>Australian retail sales data released earlier today showed that sales edged higher in May but came in lower than expected. Retail sales increased by 0.2% on a seasonally adjusted basis to A$20.155 billion in the month of May following a seasonally adjusted increase of 0.6% in April, according to data by the Australian Bureau of Statistics. The sales results have increased for three straight months but May&#8217;s sales level represented the slowest increase of those three months.<\/p>\n<p>The data failed to match market forecasts that were expecting the sales level to reach 0.3% for the month.<\/p>\n<p>Contributing to the increase in retail sales for May was a gain by 1.7% in the clothing, footwear and other personal accessory retail sector while department store sales registered a 1.0% increase for the month. Also showing gains for the month were caf\u00e9s, restaurants and take away food services (+0.8%), other retailing (+0.3%), and food retailing (0.2%). The largest negative contributor to the sales level in May was sales in household goods retailing which decreased by 1.4%.<\/p>\n<p>New South Wales led the way for states and territories in retail sales increases with a 0.9% gain while Victoria also showed an increase by 0.2%. South Australia, Queensland, Tasmania, Western Australia, the Northern Territory and the Australian Capital Territory all registered negative retail sales levels in May.<\/p>\n<p>In a separately released by the Australian Bureau of statistics, the total number of building units approved in May fell by a seasonally adjusted 6.6% compared to April. On an annual basis and despite the monthly decline, Australian building approvals are 26.6% above the May 2009 level. May private sector houses approved increased by 1.7% on a seasonally adjusted basis and are 9.2% higher on an annual basis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By CountingPips.com &#8211; Australian retail sales data released earlier today showed that sales edged higher in May but came in lower than expected. Retail sales increased by 0.2%&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-10712","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=10712"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10712\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=10712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=10712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=10712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}