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Australian data - September Retail Sales +0.9% m/m (vs. +0.3% expected)

Australian data - September Retail Sales +0.9% m/m (vs. +0.3% expected)
A huge beat on expectations for September retail sales from Australia. +0.9% m/mexpected +0.3%, prior +0.2%all categories performing stronglyAnother data point that'll surely add to the case for a Reserve Bank of Australia rate hike at next week's policy meeting (on the 7th November).Australian Bureau of Statistics comments:the rise in September was the largest since Januarysubdued spending for most of 2023 means that underlying growth in Retail turnover remains historically lowRetail turnover i... Read More
Posted: Oct 30 2023, 00:30
Author Name: forexlive
Views: 112266

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