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Australia has come out with two sets of important data, final Retail Sales and the Trade Balance.  

Retail  Sales

Final data missed the prior 1.3% MoM arriving at 1.1 MoM.

Preliminary estimates  showed another firm 1.1% gain in Australia April retail also.

”The gain was led by NSW and Vic, both up 2% with sales flat across the rest of Aus,” analysts at Westpac explained.  

”By store-type, cafes and restaurants were a standout, recording a 2.5% rise. The final release may see slight revisions and will include the full survey detail – sales by storetype, state, firm size and online vs in store.”

Trade Balance

Australia April balance goods/svcs A$+8,028 mln, s/adj (Reuters poll: A$+7,900 mln)

  • Exports +3 pct MoM, seasonally adjusted.
  • Imports -3 pct MoM, seasonally adjusted.

More to come…