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Australian data - Q4 2022 Retail sales -0.2% q/q (expected -0.6%)

Australian data - Q4 2022 Retail sales -0.2% q/q (expected -0.6%)

Retail sales from Australia, Q4 2022 comes in at -0.2% q/q

  • expected -0.6%, prior +0.2%
  • the y/y is +1.8%

Australian Bureau of Statistics comments on the data:

  • Retail sales volumes fell for the first time since the September quarter 2021, with volumes falling across all non-food industries as consumers tightened discretionary spending in response to mounting cost of living pressures.
  • Retail prices remain high, but price growth slowed to 1.1 per... Read More
Posted: Feb 6 2023, 00:30
Author Name: forexlive
Views: 110892

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