Retail Sales s.a. (MoM)

The primary gauge of Australia’s consumer spending, the Retail Sales, is released by the Australian Bureau of Statistics (ABS) about 35 days after the month ends. It accounts for approximately 80% of total retail turnover in the country and, therefore, has a significant bearing on inflation and GDP. This leading indicator has a direct correlation with inflation and the growth prospects, impacting the Reserve Bank of Australia’s (RBA) interest rates decision and AUD valuation. The stats bureau uses the forward factor method, ensuring that the seasonal factors are not distorted by COVID-19 impacts.

Most recent - Thursday 28 March 2024 00:30

Previous
1.1%
Revised
-
Forecast
0.4%
Actual
0.3%

Lower numbers than forecast tend to be bullish for xxx/AUD pairs and bearish for AUD/xxx pairs.

Next event - Tuesday 30 April 2024 01:30

Previous
-
Forecast
-
Actual
-

The typical/expected impact on AUD pairs is high.

There is no forecast value for Retail Sales s.a. (MoM) yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Retail Sales s.a. (MoM) was 0.3% against a forecast of 0.4%.

Past events

Date
Forecast
Actual
Thursday 28 March 2024 00:30
0.4%
0.3%
Thursday 29 February 2024 00:30
1.5%
1.1%
Tuesday 30 January 2024 00:30
-0.9%
-2.7%
Tuesday 9 January 2024 00:30
1.2%
2%
Tuesday 28 November 2023 00:30
0.1%
-0.2%
Monday 30 October 2023 00:30
0.3%
0.9%
Thursday 28 September 2023 01:30
0.3%
0.2%
Monday 28 August 2023 01:30
0.3%
0.5%
Friday 28 July 2023 01:30
0%
-0.8%
Thursday 29 June 2023 01:30
0.1%
0.7%
Friday 26 May 2023 01:30
0.2%
0%
Wednesday 3 May 2023 01:30
0.2%
0.4%
Tuesday 28 March 2023 00:30
0.4%
0.2%
Tuesday 28 February 2023 00:30
1.5%
1.9%
Tuesday 31 January 2023 00:30
-0.3%
-3.9%
Wednesday 11 January 2023 00:30
0.6%
1.4%
Monday 28 November 2022 00:30
0.4%
-0.2%
Monday 31 October 2022 00:30
0.6%
0.6%
Wednesday 28 September 2022 01:30
0.4%
0.6%
Monday 29 August 2022 01:30
0.3%
1.3%
Thursday 28 July 2022 01:30
0.5%
0.2%
Wednesday 29 June 2022 01:30
0.4%
0.9%
Friday 27 May 2022 01:30
0.9%
0.9%
Wednesday 4 May 2022 01:30
0.6%
1.6%
Tuesday 29 March 2022 00:30
1%
1.8%
Monday 28 February 2022 00:30
0.4%
1.8%
Tuesday 1 February 2022 00:30
3.9%
-4.4%
Tuesday 11 January 2022 00:30
3.9%
7.3%
Friday 26 November 2021 00:30
2.5%
4.9%
Friday 29 October 2021 00:30
0.2%
1.3%
Tuesday 28 September 2021 01:30
-2.5%
-1.7%
Friday 3 September 2021 01:30
-
-2.7%
Friday 27 August 2021 01:30
-2.3%
-2.7%
Wednesday 4 August 2021 01:30
-1.8%
-1.8%
Wednesday 21 July 2021 01:30
-0.5%
-1.8%
Monday 5 July 2021 01:30
0.1%
0.4%
Monday 21 June 2021 01:30
0.7%
0.1%
Thursday 3 June 2021 01:30
1.1%
1.1%
Friday 21 May 2021 01:30
0.5%
1.1%
Monday 10 May 2021 01:30
1.4%
1.3%
Wednesday 21 April 2021 01:30
1%
1.4%
Thursday 1 April 2021 00:30
-1.1%
-0.8%

Economic context

Recent economic data has been moderately bullish for AUD. Other recent announcements which may affect the market's interpretation of the next Retail Sales s.a. (MoM) result:

PreviousLatest
Consumer Inflation ExpectationsBearish change4.5%4.3%
Westpac Consumer ConfidenceBearish change6.2%-1.8%
Employment Change s.a.Bullish change15.3K116.5K
Full-Time EmploymentBullish change19.9K78.2K
Participation RateBullish change66.6%66.7%
Part-Time EmploymentBullish change-4.6K38.3K
Unemployment Rate s.a.Bullish change4.1%3.7%
Judo Bank Composite PMIBullish change52.152.4
Judo Bank Manufacturing PMIBearish change47.846.8
Judo Bank Services PMIBullish change53.153.5
RBA Interest Rate Decision(no change)4.35%4.35%

About Retail Sales s.a. (MoM)

Country:Australia
Currency:AUD
Source:Australian Bureau of Statistics
Category:Consumption
Frequency:Monthly

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