Todays retail sales data31 Oct 2022 08:24
Germany MOM growth way ahead of consensus
According to provisional results of the Federal Statistical Office (Destatis), the real (price-adjusted) turnover of retail enterprises in Germany was 0.9% and the nominal (not price-adjusted) turnover was 1.8% higher in September 2022 than in August 2022, on a calendar and seasonally adjusted basis
Japan MOM large growth way ahead of consensus
Difficult to drill down on these
Australia growth and in line with consensus
Australian retail turnover rose 0.6 per cent in September 2022, according to Retail Trade figures released today by the Australian Bureau of Statistics (ABS).
The September increase was the ninth consecutive rise, following a 0.6 per cent rise in August 2022 and a 1.3 per cent rise in July 2022.
Ben Dorber, ABS head of retail statistics said, “This month’s rise was again driven by the combined strength in the food industries. Food retailing rose 1.0 per cent, while cafes, restaurants, and takeaway food services rose 1.3 per cent.
“Many retailers remained open for the National Day of Mourning, an additional one-off public holiday in September, and this boosted spending on food, alcohol and dining out.”
Clothing, footwear and personal accessory retailing had the largest percentage rise, up 2.0 per cent following a large fall of 2.3 per cent in August 2022. Other retailing also rose, up 0.2 per cent.
Household goods retailing fell 0.8 per cent, a slight decrease after last month’s large rise of 2.6 per cent. The fall in September was softened by the release of new mobile phone models and is the fourth monthly fall in household goods retailing in the last six months.
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