ANZ analysts point out that for the Australian economy, there is a surprise decline in real quarterly sales in this quarter, which represents the lowest q/q growth in real retail sales since September 2012 (and lowest y/y since 2011) and continuing a negative volume growth downward trend in retail volumes from the past year. Key Quotes “Retail sales grew 0.3% m/m in March, slightly stronger than our and the market’s expectations. This brought quarterly sales growth to 1.3%, which is a slightly stronger result, in nominal terms, than recent quarters.” “Volume growth was negative, at -0.1% q/q – the lowest volume growth since September 2012. High food price inflation explains the divergence between nominal and real growth.” “Retail volume growth has been below the long-term average for the last couple of years and has declined y/y for the last few quarters. Volumes of household goods and department store goods fell during the March quarter, while clothing and other goods both increased by 0.3%.” 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 EUR/USD testing highs near 1.1220 post-German data FX Street 3 years ANZ analysts point out that for the Australian economy, there is a surprise decline in real quarterly sales in this quarter, which represents the lowest q/q growth in real retail sales since September 2012 (and lowest y/y since 2011) and continuing a negative volume growth downward trend in retail volumes from the past year. Key Quotes "Retail sales grew 0.3% m/m in March, slightly stronger than our and the market's expectations. This brought quarterly sales growth to 1.3%, which is a slightly stronger result, in nominal terms, than recent quarters." "Volume growth was negative, at -0.1% q/q - the lowest… Top 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.
