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Industry News

Australian retail sales show increase during April

By Pivotal Payments

01/06/2010 - Retail sales in Australia during April showed an increase, according to the Bureau of Statistics. Shopping down under increased by 0.6 percent during the month, ABC News reports.

The increase surpassed expectations - 0.5 percent - much like March's figures that showed a 0.8 percent increase instead of the forecast 0.3 percent. Total retail trade during the month was estimated to be $20.12 billion.

"The retail sales look strong on two counts, with the current number above expectations and the previous number revised upwards half a per cent as well. We saw a lot of strength in food retailing, household goods with department stores the soft spot," said David de Garis, a senior economist at the National Australia Bank, ABC News relays.

The results come as bittersweet news, as the country's building approvals have been heavily declining.

In addition to Australia, Canada's retail sales have also been surging. March became the fourth straight month of increased sales in the country, amassing CAD$37 billion, according to Statistics Canada.

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