Australia Retail sales for July 0.0% vs 0.3% estimate


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  • Prior 0.5%
  • Retail Sales (Final) 0.0% vs 0.3% estimate

Details:

  • Clothing, footwear, and personal accessories: -0.5% (largest fall)

  • Department stores: -0.4%

  • Cafes, restaurants, and takeaway food: -0.2%

  • Household goods retailing: 0.0% (unchanged)

  • Other retailing: 0.0% (unchanged)

  • Food retailing: 0.2% (only industry with a rise)

Ben Dorber, ABS head of retail statistics, said: “After rises in the past two months (both by 0.5%) boosted by mid-year sales activity, the higher level of retail turnover was maintained in July.”

The AUDUSD is dipping to a new low with the rising 100 hour MA at 0.6786

This article was written by Greg Michalowski at www.forexlive.com.

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