The Australian Retails Sales have landed with a mixed picture. “The slow wages growth and soft consumer sentiment even with the RBA rate cut suggest another underwhelming month,” analysts at Westpac explained. For Q2 inflation-adjusted sales, they looked for a 0.3%qtr rise, in line with consensus. “This compares to -0.1%qtr in Q1 but bear in mind that the retail sales survey captures only a portion of total household spending – the national accounts estimate of private consumption was +0.3%.” The data arrived as follows: Australian Retail Sales (MoM) Jun: 0.4% (exp 0.3%; prev 0.1%). Retail Sales ex inflation (QoQ) Q2: 0.2% (exp 0.3%; prev -0.1%). About The Retail Sales The Retail Sales released by the Australian Bureau of Statistics is a survey of goods sold by retailers is based on a sampling of retail stores of different types and sizes and it’s considered as an indicator of the pace of the Australian economy. It shows the performance of the retail sector over the short and mid-term. Positive economic growth anticipates bullish trends for the AUD, while a low reading is seen as negative or bearish. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/JPY recovers from multi-month low after Aussie data FX Street 4 years The Australian Retails Sales have landed with a mixed picture. "The slow wages growth and soft consumer sentiment even with the RBA rate cut suggest another underwhelming month," analysts at Westpac explained. For Q2 inflation-adjusted sales, they looked for a 0.3%qtr rise, in line with consensus. "This compares to -0.1%qtr in Q1 but bear in mind that the retail sales survey captures only a portion of total household spending - the national accounts estimate of private consumption was +0.3%." The data arrived as follows: Australian Retail Sales (MoM) Jun: 0.4% (exp 0.3%; prev 0.1%). Retail Sales ex inflation (QoQ) Q2:… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
