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 - Tuesday 28 November 2023 00:30

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

Next event - Tuesday 9 January 2024 00:30

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.

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Economic context

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

About Retail Sales s.a. (MoM)

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