Home Australia’s Retail Sales drop 0.3% in Jan, surprise negatively – AUD/USD off the highs

Australia’s Retail Sales drop 0.3% in Jan, surprise negatively – AUD/USD off the highs

Updated: 6 Mar. 2020 | 01:32

Australia’s consumption, as represented by Retail Sales, unexpectedly dropped in the month of January, the Australian Bureau of Statistics (ABS) reported on Friday.

The retail sales arrived at -0.3% month-on-month (MoM), compared to the forecast of 0.0% and down from previous month’s reading of -0.5%.

more to come …

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