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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
AUSTRALIA DATA
Today’s Q1 real retail sales are expected to contract 0.6% q/q after nominal sales came in flat. There is a very wide range of estimates from economists starting at +0.5% q/q and at the low end -1.4% q/q. NAB expects -0.5%, ANZ -0.6%, Westpac -1.0% and CBA -1.2%. Our proxy for retail prices produces a Q1 retail sales volume estimate of -0.8% q/q while goods prices give -1.1% q/q.
Australia real retail sales estimates y/y%
Source: MNI - Market News/Refinitiv/ABS
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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