Australia’s NAB Online Retail Sales Index (NORSI) accelerated in April (+1.4% mom s.a.) from stronger growth in March (1.1%), notes the research team at NAB. Key Quotes “12 months to growth was also stronger in April, with sales up 17.9% compared to last year. While slowing, trend online retail sales is still much stronger compared to the same period a year ago.” “ABS data on traditional retailers showed month on month seasonally adjusted sales were flat (0.0%) in March, substantially outpaced by NORSI in that month.” “We estimate that Australian consumers have spent around $25.8 billion over the 12 months to April 2018. This is equivalent to 8.2% of spending at traditional bricks & mortar retailers, as measured by the ABS in the 12 months to March 2018.” “All but two categories accelerated in sales growth in April 2018. Fastest 12-months-to growth was recorded by Department stores, whose sales accelerated (25.5% April vs 22.0% 12 months to March). 2nd placed Toys and Games, which recorded the fastest 12-months-to growth in March, slowed in April (25.1% vs 34.7%), along with Food Catering (9.3% vs 15.2%).” 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 GBP/JPY pushes back into 145.00 as Yen steps back FX Street 5 years Australia's NAB Online Retail Sales Index (NORSI) accelerated in April (+1.4% mom s.a.) from stronger growth in March (1.1%), notes the research team at NAB. Key Quotes "12 months to growth was also stronger in April, with sales up 17.9% compared to last year. While slowing, trend online retail sales is still much stronger compared to the same period a year ago." "ABS data on traditional retailers showed month on month seasonally adjusted sales were flat (0.0%) in March, substantially outpaced by NORSI in that month." "We estimate that Australian consumers have spent around $25.8 billion over the 12 months… 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.
