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The first set of data for April Retails sales in Australia has been released as follows, but it is subject to variation on the final read:

Australian Retail Sales MoM  April P: 1.1% (exp 0.5%; prev 1.3%).

AUD/USD hs note reacted to the preliminary reading.  

More to come…


About  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.

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