Australia May Retail Sales +0.7% m/m (expected +0.1%)

June 28, 2023
Posted by: AliensFaith
Category: OBJECTIVE PRESS

Australian retail sales data from May of 2023, comes in at +0.7% m/m, which is a huge beat, especially given the dour outlook for Australian consumers

expected +0.1%, prior 0.0%

Other data were for job vacancies which fell 2.0% q/q

prior -1.5%

AUD/USD is not a lot changed, it had risen prior to the data and is circa 0.6621 as I update.

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I posted a preview of this here:

Economic calendar in Asia 29 June 2023 – New Zealand and Australian data

This article was written by Eamonn Sheridan at http://www.forexlive.com.

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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Australia May Retail Sales +0.7% m/m (expected +0.1%)

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