Australian Retail Sales data is due today, Friday 5 October 2018 at 0130GMT
I posted a preview (two in one) here earlier:
What to watch for:
- expected +0.2% m/m
- prior 0.0%
Preview via ANZ:
Another soft retail sales report is likely given the sharp rise in petrol prices and ongoing decline in house prices. Our forecast is for a 0.1% m/m rise, which would still see sales in annual terms will jump to 3.6% y/y, the strongest result since June 2017. Our Random Forest model also predicts a 0.1% m/m. Interestingly, ANZ Roy Morgan Australian Consumer Confidence rose in August despite the headwinds suggesting that households, at least for the moment, are absorbing some of these.
