ANZ analysts note that the Australia’s retail sales grew 0.4% m/m in June, in line with their expectations and slightly stronger than the market’s expectations, which brought quarterly sales growth to 0.6% in nominal terms. Key Quotes “Nominal q/q results in retail have hovered between 0.6% and 0.7% for the last four quarters.” “Volume growth was modest at 0.2% q/q – the fourth very weak quarter in a row. Another jump in food prices, reflecting dry conditions across key agricultural regions in Australia, was a key reason for the divergence between nominal and real growth rates. Annual volume growth was 0.2% y/y, the lowest result since 1991, when Australia was last in recession. To emphasise how weak, per capita retail sales were sharply negative.” “Retail volumes decreased in annual terms in NSW, Tas, WA and the NT, while Vic and Qld were the only states to see noteworthy volume growth (1.4% y/y and 2.7% y/y respectively).” 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 Global manufacturing remains in doldrums – ABN AMRO FX Street 4 years ANZ analysts note that the Australia's retail sales grew 0.4% m/m in June, in line with their expectations and slightly stronger than the market's expectations, which brought quarterly sales growth to 0.6% in nominal terms. Key Quotes "Nominal q/q results in retail have hovered between 0.6% and 0.7% for the last four quarters." "Volume growth was modest at 0.2% q/q - the fourth very weak quarter in a row. Another jump in food prices, reflecting dry conditions across key agricultural regions in Australia, was a key reason for the divergence between nominal and real growth rates. Annual volume growth was… 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.
