Australian retail sale turnover gained 0.9% in January 2013, seasonally adjusted

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Source: abs.gov.au
According to latest ABS Retail Trade figures, seasonally adjusted, Australian retail sale turnover gained 0.9% in January 2013, following a fall of 0.4% in December 2012 and 0.2% in November 2012. The largest input was done by other retailing (2.6%), household goods retailing (1.3%), food retailing (0.3%), cafes, restaurants and takeaway food services (1%), clothing, footwear and personal accessory retailing (0.7%), sequentially, reimbursing drop in department stores (-0.6%). The trend estimate for Australian retail turnover added 0.1% in January 2013, following a relatively unchanged December 2012 0.0% and a comparatively unchanged November 2012 0.0%.
"Those numbers came in better than expected and that gave the Aussie dollar a bit of a boost. We're of the view that they might not be as dovish as the market expects, so we could see the Aussie dollar squeeze higher and maybe push back to 102.50 US cents," said OzForex chief currency strategist Jim Vrondas.
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