fxs_header_sponsor_anchor

News

Australia Jan retail trade to reverse most of the previous fall - ANZ

Analysts at ANZ offer a brief preview of the Australian retail sales data for January that will be published at 0030 GMT tomorrow alongside the current account data and ahead of the RBA rate statement.

Key Quotes:

“We expect January retail trade reversed most of the previous month's fall.

Retail spending has been volatile in recent months, partly reflecting the changing pattern of sales (with Boxing Day sales perhaps less of a key event given Black Friday/Cyber Monday and discounting through December).

A result in line with our expectation would see retail sales rise by 2.6% y/y, a slight acceleration from December. The combination of lower petrol prices, stabilizing house prices and a solid rise in consumer confidence suggests a reasonable start to 2018 for consumers.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.