Analysts at NAB points out that Australia’s NAB Cashless Retail Sales Index gained 0.5% in June on a month-on-month basis, following gain of 0.6% in May (revised from 0.8%). Key Quotes “Results were stronger for only two of the six major categories: other retailing and cafes, restaurants and takeaways, although all but one category (household goods) recorded positive growth for the month. Overall, our indicator suggests that retail sales were much less buoyant in Q2 than Q1.” “Our data mapping suggests that the official ABS measure of retail sales will rise 0.4% in June, following a rise of 0.4% in May. The May ABS print was stronger than our then expectation for a flat result.” “The data remains a little more encouraging on a year ended basis, with the NAB Cashless Retail Sales Index up 9.9% in June, although this is potentially distorted by special factors from late-2017, including the new to Australia Black Friday sales.” “Retail spending patterns across Australia have seen some convergence over the past few months, with the difference between the fastest and slowest growing states around 60% of the long term average on a year ended basis.” 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 Australia’s economic growth forecast for 2018 at 2.9% – Reuters poll FX Street 5 years Analysts at NAB points out that Australia's NAB Cashless Retail Sales Index gained 0.5% in June on a month-on-month basis, following gain of 0.6% in May (revised from 0.8%). Key Quotes "Results were stronger for only two of the six major categories: other retailing and cafes, restaurants and takeaways, although all but one category (household goods) recorded positive growth for the month. Overall, our indicator suggests that retail sales were much less buoyant in Q2 than Q1." "Our data mapping suggests that the official ABS measure of retail sales will rise 0.4% in June, following a rise of 0.4%… 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.
