Australian Retail Sales (M/M) May: 0.1% (exp 0.2%; prev -0.1%)
Thursday, 4 July 2019 08:51 WIB | ECONOMY |Ekonomi Australia

Australia's official May data continued today with Retail Sales. For the month (M/M) this arrived for May below expectations at 0.1% (exp 0.2%; previous -0.1%).

This is going to keep the rate cut buzz alive since the RBA tipped its hat to further cuts to come down the line if things do not improve. The RBA repeated that the œmain domestic uncertainty continues to be the outlook for consumption.

Looking back, as analysts at Westpac noted, "April produced a disappointing -0.1%mth decline, trimming annual growth to 2.8% (recall this series is in current prices). The details showed signs of further pressure from the slide in Sydney and Melbourne house prices, which should remain a factor in May. Westpac looks for a 0.1% uptick in May; consensus is 0.2%."

The Retail Sales released by the Australian Bureau of Statistics is a survey of goods sold by retailers is based on a sampling of retail stores of different types and sizes and it''s considered as an indicator of the pace of the Australian economy. It shows the performance of the retail sector over the short and mid-term. Positive economic growth anticipates bullish trends for the AUD, while a low reading is seen as negative or bearish.

Source : FXstreet

RELATED NEWS

US: Retail sales rose 0.4% in August vs. 0.2% expected
Friday, 13 September 2019 19:46 WIB

The data published by the US Census Bureau today revealed that retail and food services sail in August rose 0.4% on a monthly basis to $526.1 billion and beat the market expectation for an increase of 0.2%. On a yearly basis, retail sales grew by 4.1%. Total sales for the June 2019 through August 2...

U.S. Core Inflation Picks Up More Than Forecast to One-Year High
Thursday, 12 September 2019 19:47 WIB

A measure of underlying U.S. inflation accelerated by more than forecast to a one-year high in August, signaling inflation was already firming ahead of fresh tariffs on Chinese goods this month that may push prices higher for Americans. The core consumer price index, which excludes food a...

U.K. Recession Threat Recedes as Economy Posts Solid July Growth
Monday, 9 September 2019 15:57 WIB

The U.K. economy grew at its fastest pace in six months in July, an unexpectedly strong performance that will allay fears Britain was facing a possible pre-Brexit recession. Gross domestic product rose 0.3% from June, the Office for National Statistics said Monday. Economists had pre...

U.S. Payrolls Rise 130,000, Boosted by 25,000 for Census Count
Friday, 6 September 2019 19:59 WIB

U.S. companies' hiring stumbled in August, likely cementing expectations for a second straight Federal Reserve interest-rate cut as trade uncertainty and softer global growth weigh on the outlook. Private payrolls rose 96,000, a three-month low, after a downwardly revised 131,000 advance ...

US: ADP Employment Change Jumps to 195K in August vs. 149K Expected
Thursday, 5 September 2019 19:33 WIB

The data published by the Automatic Data Processing (ADP) showed that employment in the private sector in August increased by 195,000 following July's 142,000 (revised from 156,000) reading and surpassed the market expectation of 149,000. With the initial market reaction, the US Dollar Index pulled...

ANOTHER NEWS
Stocks open slightly lower as Fed begins two-day meeting
Tuesday, 17 September 2019 20:44 WIB Stocks opened slightly lower Tuesday as Federal Reserve policy makers were set to begin a two-day meeting expected to conclude with another quarter-point cut in interest rates. The Dow Jones Industrial Average fell 77 points, or 0.3%, to 27,000,...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.