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Retail spending down 0.2% in Dec

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AAP

2013-02-06

Australian retail spending has posted its third consecutive monthly fall, official figures show.

Retail trade fell 0.2 per cent in December to a seasonally adjusted $21.421 billion.

This compares to a downwardly revised $21.472 billion in November, the Australian Bureau of Statistics said on Wednesday.

Economists had been forecasting a rise of 0.3 per cent for December.

Over the December quarter, retail sales rose by 0.1 per cent to $63.749 billion in seasonally adjusted volume terms.