The ABS has released a preliminary estimate for Feb retail sales showing a 0.4% rise in the month. The release is part of an effort to provide more timely information on the impacts of the Coronavirus, analysts at Westpac Institutional Bank inform. Key quotes “The 0.4% rise in Feb is a little better than expected. However, the detail was less promising.” “The preliminary estimates are likely to be marked lower once final figures are available as small businesses tend to have weaker sales growth and will likely have more exposure to the segments being most impacted by the virus outbreak.” “The ABS commentary notes strong gains for food retail more than offsetting weakness in the clothing and other retailing both of which reported negative impacts from COVID-19.” 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 USD/CAD taps 1.4400 mark for the first time since January 2016 FX Street 2 years The ABS has released a preliminary estimate for Feb retail sales showing a 0.4% rise in the month. The release is part of an effort to provide more timely information on the impacts of the Coronavirus, analysts at Westpac Institutional Bank inform. Key quotes “The 0.4% rise in Feb is a little better than expected. However, the detail was less promising.” “The preliminary estimates are likely to be marked lower once final figures are available as small businesses tend to have weaker sales growth and will likely have more exposure to the segments being most impacted by the virus outbreak.”… 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.
