COVID-19 may have been behind part of January’s weakness, along with the bushfires, according to analysts at ANZ Research. Coronavirus is estimated to hit retail substantially in the coming months through its impacts on tourism. Key quotes “Annual growth in retail sales dipped to 2.0% y/y in January. The 0.3% m/m drop in sales over January followed a revised 0.7% m/m drop in December, combining to make the weakest two-month period of growth since 2010.” “Non-food sales fell sharply in aggregate in January, at -0.9% m/m, after an identical dip in December.” “While the reversal of growth from the November Black Friday spike was predictable, this was a much sharper decline than expected.” 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 South Korea: Coronavirus infects job market – Standard Chartered FX Street 2 years COVID-19 may have been behind part of January’s weakness, along with the bushfires, according to analysts at ANZ Research. Coronavirus is estimated to hit retail substantially in the coming months through its impacts on tourism. Key quotes “Annual growth in retail sales dipped to 2.0% y/y in January. The 0.3% m/m drop in sales over January followed a revised 0.7% m/m drop in December, combining to make the weakest two-month period of growth since 2010.” “Non-food sales fell sharply in aggregate in January, at -0.9% m/m, after an identical dip in December.” “While the reversal of growth from the November… 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.
