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Australia Nov retail sales in line with expectations

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Bali) - Australia Nov retail sales came in line with expectations at +0.4% MoM vs. +0.4% expected and a 0.5% prior. Focus remains in the PBOC USD/CNY fix at 1.15 GMT, followed by the Shanghai equity market cash open at 1.30 GMT.

    Current prices - via ABS

    The trend estimate rose 0.4% in November 2015. This follows a rise of 0.4% in October 2015 and a rise of 0.4% in September 2015.

    The seasonally adjusted estimate rose 0.4% in November 2015. This follows a rise of 0.6% in October 2015 and a rise of 0.4% in September 2015.
    In trend terms, Australian turnover rose 4.1% in November 2015 compared with November 2014.

    The following industries rose in trend terms in November 2015: Food retailing (0.3%), Household goods retailing (0.6%), Other retailing (0.4%), Department stores (0.6%), Cafes, restaurants and takeaway food services (0.2%) and Clothing, footwear and personal accessory retailing (0.2%).

    The following states and territories rose in trend terms in November 2015: Victoria (0.6%), New South Wales (0.4%), Queensland (0.2%), Western Australia (0.2%), South Australia (0.3%), Tasmania (0.5%), the Australian Capital Territory (0.2%) and the Northern Territory (0.2%).
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