|Month over Month||0.4%||0.7%||0.3%|
|Year over Year||4.9%||4.7%|
June retail sales were up a greater than anticipated 0.7 percent following an increase of 0.4 percent in May 2015. On the year, sales were up 4.9 percent. Low interest rates are boosting household spending. There were increases in household goods retailing, other retailing and cafes, restaurants & takeaway food services. Partially offsetting the increases were declines in clothing, footwear & personal accessory retailing, food retailing and department stores.
June sales increased in New South Wales, Victoria, South Australia, Queensland, Western Australia, the Northern Territory and the Australian Capital Territory. Tasmania was relatively unchanged.
In seasonally adjusted volume terms, turnover rose 0.8 percent in the June quarter 2015, following a rise of 0.6 percent in the March quarter 2015.
Retail sales measure the total receipts at stores that sell durable and nondurable goods. The Retail Business Survey covers all employing retail trade businesses who predominantly sell to households.
With consumer spending a large part of the economy, market players continually monitor spending patterns. The pattern in consumer spending is often the foremost influence on stock and bond markets. For stocks, strong economic growth translates to healthy corporate profits and higher stock prices. For bonds, the focus is whether economic growth goes overboard and leads to inflation. Ideally, the economy walks that fine line between strong growth and excessive (inflationary) growth.
Retail sales not only give you a sense of the overall picture, but also the trends among different types of retailers. Especially strong apparel or electronics sales can indicate strength in those industries, for example. These trends from the retail sales data can help you spot specific investment opportunities, without having to wait for a company's quarterly or annual report.
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