Matthew Hassan, Research Analyst at Westpac, points out that Australia’s September retail report was on the soft side as monthly sales rose 0.2%, a touch short of the consensus forecast of 0.3% but in line with Westpac’s view. Key Quotes “Annual sales growth held at 3.7%yr but sales have been tracking closer to a 3.3% annual pace over the last six months. The detail showed gains in the month concentrated in food categories (up 0.5% on a combined basis) with non food retail declining 0.2%mth.” “Sales volumes for the quarter were more underdone, rising 0.2% vs consensus and Westpac forecasts of a 0.4% gain and with Q2’s strong 1.2% gain revised back to a 1% increase.” “The main surprise was around retail prices which rose 0.4% despite mostly subdued gains in the retail CPI components.” “Overall, the soft Q3 result confirms some slowing in consumer demand in the quarter from the strong Q2. Vehicle sales also point to some softening although service sector indicators have held in more positive territory.” 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 Breaking News: Trump is said to ask his Cabinet to draft a possible China trade deal – Bloomberg FX Street 4 years Matthew Hassan, Research Analyst at Westpac, points out that Australia's September retail report was on the soft side as monthly sales rose 0.2%, a touch short of the consensus forecast of 0.3% but in line with Westpac's view. Key Quotes "Annual sales growth held at 3.7%yr but sales have been tracking closer to a 3.3% annual pace over the last six months. The detail showed gains in the month concentrated in food categories (up 0.5% on a combined basis) with non food retail declining 0.2%mth." "Sales volumes for the quarter were more underdone, rising 0.2% vs consensus and Westpac forecasts… 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.
