Australia’s NAB Cashless Retail Sales Index gained 0.8% in May on a month-on-month basis, following a flat read in April (revised from -0.6%), points out the research team at NAB. Key Quotes “Our data mapping suggests that the official ABS measure of retail sales will be flat in May following the stronger-than-expected 0.4% in April. Our April estimate was revised this month, although remains well below the ABS April print.” “The data remains more encouraging on a year ended basis, with the NAB Cashless Retail Sales Index up 10.3% in May, although this is potentially distorted by special factors from late-2017 (for example Black Friday sales and Apple’s Iphone x).” “Year-on-year growth remained positive for all six NAB Cashless Retail Index major industry groupings.” “Retail spending patterns continue to converge across Australia, with an only 2.0 ppt difference between the fastest growing state (the Australian Capital Territory) and the weakest (Western Australia).” 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 Forex Today: Aussie rebounds amid risk-recovery, ECB Sintra Forum – Key FX Street 3 years Australia's NAB Cashless Retail Sales Index gained 0.8% in May on a month-on-month basis, following a flat read in April (revised from -0.6%), points out the research team at NAB. Key Quotes "Our data mapping suggests that the official ABS measure of retail sales will be flat in May following the stronger-than-expected 0.4% in April. Our April estimate was revised this month, although remains well below the ABS April print." "The data remains more encouraging on a year ended basis, with the NAB Cashless Retail Sales Index up 10.3% in May, although this is potentially distorted by special factors… 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.
