HomeBlogAplenty Icon PublicationAustralian August retail sales +0.7% m/m (expected +0.4%)

Australian August retail sales +0.7% m/m (expected +0.4%)

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Oct 1, 2024

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Retail sales in Australia bouncing in August, well above estimates:

Retail sales in August +3.1% y/y

strongest since May of 2023

Building approvals headline fell further than forecast.

The retail sales number is the focus, indicating resilient household spending. This will be an argument against RBA rate cuts any time soon.

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This article was written by Eamonn Sheridan at www.forexlive.com.

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