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Australian Retail Sales data due today – more preview

October 4, 2018 by admin 0 Comments

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Australian Retail
Sales data is due today, Friday 5 October 2018 at 0130GMT

I posted a preview (two in one) here earlier:

What to watch for:

expected +0.2% m/m
prior 0.0%

Preview via ANZ:

Another soft retail sales report is likely given the sharp rise in petrol prices and ongoing decline in house prices. Our forecast is for a 0.1% m/m rise, which would still see sales in annual terms will jump to 3.6% y/y, the strongest result since June 2017. Our Random Forest model also predicts a 0.1% m/m. Interestingly, ANZ Roy Morgan Australian Consumer Confidence rose in August despite the headwinds suggesting that households, at least for the moment, are absorbing some of these.

ForexLive

This article was originally published by Forexlive.com. Read the original article here.