Australia retail sales rise

Australia retail sales rise in January, supported by low interest rates and strong job creation in the middle of the second year of 2015. Retail sales, according to data released by the Australia Bureau of statistics (ABS) Friday (04/03) this, increased 0.3 percent in January from a month earlier. The figure is slightly lower than the prediction analysis that predicted a rise of 0.4 percent.

australia_retail

Retail sales of household appliances rose 1 percent and restaurant service also scored the same percentage increase. Sementera that, sales of clothing, footwear, accessories and other elections caused a rise in thin 0.1 percent.

Australia's Economic Recovery Was Further Solid

The Central Bank of Australia (RBA), maintaining interest rates at 2.0 percent range in the past nearly one year to support the transition of its economy, than it used to be is still relying on mining sector, other sectors into the broader effect on growth. The process seems pretty effective. Australia services the export progress and the more solid, helped by the low Dollar exchange rate Australia.

Australia's economy grew to 1.9 percent by 2015, the fastest expansion of GDP in almost two years. The good news economic indicators combined with the drop in the unemployment rate which is quite significant in Australia.

"The increase (in GDP) to 3 percent this year quite seize attention. Numbers are one and a half percent above the estimated RBA, "continued de line. "Given Australia will withdraw its biggest mining investment, this is a good result. Our party is a generalprediction of RBA has finished in cutting interest rates, and data (GDP) it was furthersupports this view. "

Respond to penjaulan Australia's retail data today, AUD/USD the more lasting in high level, with trading on 0.73615, continued to climb the high level since 1 March.