Retail sales in Australia rose by 0.1% in May

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Australian retail sales rose 0.1% in May after rising 0.1% in April, the Australian Bureau of Statistics reported. Experts had expected a monthly increase of 0.2%. Based on weak retail sales growth in May, Marseil Tieliant, an economist at Capital Economics, predicts a growth of no more than 0.6% in the second quarter. In May, the country sold 0.3% less food products than in April. Sales of clothes fell by 0.2% over the month. The volume of goods sold by department stores fell by 0.4%, while cafes and restaurants increased sales by 0.7%. The Australian Bureau of Statistics published another report, according to which, the number of vacancies for the three months to May decreased by 1.1% compared to the previous three months, while the figure in annual terms grew by 1.8%.

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