Australian Retail Sales Fall in March

By Mike Cherney Features Dow Jones Newswires

Australian retail sales fell in March, in the latest sign of an economy that is facing headwinds from a weak job market and slack wages growth.

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Retail sales fell by 0.1% from a month earlier, the Australian Bureau of Statistics said Tuesday, compared with a 0.3% increase expected by economists.

Demand for food retail and household goods contributed to the fall in March.

Retail sales in the first quarter increased by just 0.1%, below the 0.5% growth expected by economists.

-Write to Mike Cherney at mike.cherney@wsj.com

(END) Dow Jones Newswires

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May 08, 2017 21:51 ET (01:51 GMT)