Australia retail sales grew 0.3% in August in seasonally adjusted term, matched expectations. There were rises in five of the six industries, except that food retailing was relatively unchanged at 0.0%.
Sales in South Australia led the way by rising 0.8%, followed by Tasmanian by 0.5%, New South Wales by 0.5%, Victoria and Australian Capital Territory both by 0.2%, Queensland by 0.1%. Sales i Western Australia was unchanged at 0.0% whilst there was a fall in the Northern Territory by -1.3%.
Also release in Asian session, Japan overall household spending rose 2.8% yoy in August, versus expectation of 0.2% yoy. Labor cash earnings rose 0.9% yoy versus expectation of 1.3% yoy.
