Forex
globalreutersOctober 1, 20241 Mins read
Australian August retail sales +0.7% m/m (expected +0.4%)
globalreutersOctober 1, 20241 Mins read Retail sales in Australia bouncing in August, well above estimates:
Retail sales in August +3.1% y/y
- strongest since May of 2023
Building approvals headline fell further than forecast.
The retail sales number is the focus, indicating resilient household spending. This will be an argument against RBA rate cuts any time soon.
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This article was written by Eamonn Sheridan at www.forexlive.com.
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