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AUD: Retail sales bang on expectations - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Delhi) – Research Team at TDS, notes that there are no monetary policy implications from today’s retail sales report for October, with sales up +0.5%/m pretty much at expectations.

    Key Quotes

    “On the year, retail sales are up 3.9%, well below annual increases of recent years. Sales of households goods recorded the fastest increase, up +6% on the year, thanks to the boom in Sydney and Melbourne house prices.”
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