Retail sales fall 0.2% in December despite Christmas cheer: ABS
Christmas failed to spur a pick-up in retail trade in shopping centres and retail strips with sales falling 0.2% in December on a seasonally-adjusted basis despite, following a fall of 0.2% in November and a drop of 0.1% in October.
Expectations were for a 0.3% rise over December.
The figures will be noted by the RBA, which is expecting a recovery in non-mining sectors of the economy such as retailing and manufacturing to take up the slack from a fast-approaching mining investment peak.
These falls were partially offset by rises in clothing, footwear and personal accessory retailing (2.1%), household goods retailing (0.8%), and department stores (0.8%).
Over the longer term, the weakest performing industries were household goods retailing (down 0.4% in trend terms) and other retailing (down 0.5%).
In volume terms, turnover rose 0.1 per cent in the December quarter 2012, seasonally adjusted, following a fall of 0.3 per cent in the September quarter 2012.
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