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Aussie Retail Sales (Nov MoM): +0.9 vs +0.4 Expected


Friday, 10 January 2020 07:53 WIB

Ekonomi AustraliaAustralian Retail Sales


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Australia run of official data for November continued today with Retail Sales for the month of November, Month on Month (MoM).

 +0.9 vs +0.4 (expected) and 0% prior. (AUD rallies 15 pips at the time of writing).

"The 0.0% MoM headline reading in Oct was another disappointment given the middle-income tax rebates that came into effect on 1 July, especially with the detail showing spending on discretionary items (e.g. clothing & apparel, household goods and department stores) was negative."

analysts at Westpac explained, adding that the consensus for Nov was 0.4%mth, "if only thanks to a rebound from Oct and the growing popularity of “Black Friday” sales which could see Nov benefit at the expense of Dec."

Source : FX Street


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