Weak Australia retail data hits JB Hi-Fi share price
The JB Hi-Fi Limited (ASX: JBH) share price has dropped over 2% today after the release of the latest retail data from the Australian Bureau of Statistics (ABS).
According to the ABS, seasonally adjusted sales rose by 0.2% after a 0.4% increase in August 2019.
There was a fairly even split across various sectors that saw growth. Food retailing saw growth of 0.2%, ‘other retailing’ grew 0.3%, household goods retailing grew 0.2%, clothing, footwear and personal accessory retailing rose 0.4% and department stores experienced growth of 0.2%. However, cafes, restaurants and takeaway services saw a decline of 0.1%.
