RTTNews - Retail sales in Australia jumped a seasonally adjusted 1.0 percent in May compared to the previous month, the Australian Bureau of Statistics said on Wednesday, handily beating forecasts for a 0.5 percent gain. That followed a 0. percent increase in April and a 2.2 percent jump in March.
All industries, except household good retailing (-2.0 percent), had an increase in seasonally adjusted terms in May. Industries with the largest increases were department stores (+5.5 percent), clothing and soft good retailing (+2.9 percent) and cafes, restaurants and takeaway food services (+1.4 percent).
Victoria was up a seasonally adjusted 0.7 percent in May, along with Queensland (+1.5 percent), South Australia (+1.8 percent), Western Australia (+3.5 percent) and the Australian Capital Territory (+1.8 percent). Both New South Wales and the Northern Territory were virtually unchanged and Tasmania had a decline of 0.1 percent.
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