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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
Retail sales volumes for Q2 are released today and are expected to fall 0.5% q/q which would be the third straight quarterly contraction and leave them down 1.1% y/y. Estimates are broad between +0.5% and -0.8%. According to the monthly data, nominal sales rose 0.4% q/q. Using headline CPI to deflate them real sales fell 0.5%, with goods CPI -0.5% but with our proxy for retail prices -0.8%. Thus there may be a downside risk to consensus.
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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