Australian retail sales beat estimates, building consents downbeat

FXstreet.com (Bali) - Retail sales s.a. for the month of Nov came at +0.7% vs +0.3% expected and 0.5% prior, while building consents stood at -1.5% vs -1% expected and -1.6% last (revised).

Nov Sales key points

The trend estimate rose 0.5% in November 2013. This follows a rise of 0.5% in October 2013 and a rise of 0.5% in September 2013.

The seasonally adjusted estimate rose 0.7% in November 2013. This follows a rise of 0.5% in October 2013 and a rise of 0.9% in September 2013.

In trend terms, Australian turnover rose 4.1% in November 2013 compared with November 2012.
The following industries rose in trend terms in November 2013: Cafes, restaurants and takeaway food services (1.1%), Other retailing (0.9%), Food retailing (0.3%), Clothing, footwear and personal accessory retailing (1.2%), Department stores (0.5%) and Household goods retailing (0.1%).

The following states and territories rose in trend terms in November 2013: New South Wales (0.6%), Victoria (0.7%), Queensland (0.4%), Western Australia (0.4%), South Australia (0.3%), Tasmania (0.8%), the Australian Capital Territory (0.5%) and the Northern Territory (0.6%).

Nov building consents key points

TOTAL DWELLING UNITS: The trend estimate for total dwellings approved rose 2.4% in November and has risen for 13 months. The seasonally adjusted estimate for total dwellings approved fell 1.5% in November and has fallen for two months.

PRIVATE SECTOR HOUSES: The trend estimate for private sector houses approved rose 1.1% in November and has risen for 11 months. The seasonally adjusted estimate for private sector houses rose 6.0% in November following a fall of 0.2% in the previous month.

PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES: The trend estimate for private sector dwellings excluding houses rose 4.4% in November and has risen for eight months. The seasonally adjusted estimate for private sector dwellings excluding houses fell 9.7% in November and has fallen for two months.

VALUE OF BUILDING APPROVED: The trend estimate of the value of total building approved rose 2.3% in November and has risen for 22 months. The value of residential building rose 2.6% and has risen for nine months. The value of non-residential building rose 1.9% and has risen for three months.
The seasonally adjusted estimate of the value of total building approved fell 3.2% in November after rising for four months. The value of residential building fell 1.9% after rising for five months. The value of non-residential building fell 5.3% following a rise of 20.1% in the previous month.

AUD/USD rebounds after retail sales report

The AUD/USD rebounded from weekly lows and rose back above 0.8900 following the release of economic data in Australia.
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