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The Australian Bureau of Statistics released its retail sales data on Friday. Retail sales in Australia rose 0.5% in October, in line with expectations, after a 0.4% gain in September.
The increase was mainly driven by higher household goods sales and department stores sales. Household goods sales were up 1.1% in October, while department stores sales increased 3.5%.
On a yearly basis, retail sales climbed 3.9% in October.
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