NAB analysts are forecasting that the Australia’s ABS retail trade for February will grow for a second consecutive month, following a weak Christmas period and a subdued January ABS print (the ABS print for January was 0.1% m/m, NAB forecast -0.3% at the time, revised to 0.5%m/m). Key Quotes “For February our Cashless Retail Sales Index implies growth of 0.3% in the month. The lower read compared to the January Retail Sales print, combined with weakness in our other indicators (such as the NAB Monthly Business Survey), makes us somewhat cautious about these results – and in particular there may be some downside risk to the Cashless estimate for February.” “The NAB cashless retail sales index, which generally grows faster than the ABS measure, gained 0.5% m/m in February. Growth continues to slow on a year-on-year basis, standing at 7.9%.” 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: Leading Index growth rate firmly in negative territory – Westpac FX Street 4 years NAB analysts are forecasting that the Australia's ABS retail trade for February will grow for a second consecutive month, following a weak Christmas period and a subdued January ABS print (the ABS print for January was 0.1% m/m, NAB forecast -0.3% at the time, revised to 0.5%m/m). Key Quotes "For February our Cashless Retail Sales Index implies growth of 0.3% in the month. The lower read compared to the January Retail Sales print, combined with weakness in our other indicators (such as the NAB Monthly Business Survey), makes us somewhat cautious about these results - and in particular there may… 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.
