Aussie data dump: Final Retail Sales miss prior, Trade Balance beat at A$+8,028 mln
Australia has come out with two sets of important data, final Retail Sales and the Trade Balance.
Retail Sales
Final data missed the prior 1.3% MoM arriving at 1.1 MoM.
Preliminary estimates showed another firm 1.1% gain in Australia April retail also.
''The gain was led by NSW and Vic, both up 2% with sales flat across the rest of Aus,'' analysts at Westpac explained.
''By store-type, cafes and restaurants were a standout, recording a 2.5% rise. The final release may see slight revisions and will include the full survey detail – sales by storetype, state, firm size and online vs in store.''
Trade Balance
Australia April balance goods/svcs A$+8,028 mln, s/adj (Reuters poll: A$+7,900 mln)
- Exports +3 pct MoM, seasonally adjusted.
- Imports -3 pct MoM, seasonally adjusted.
AUD/USD was uneventful on the data and continues to be stuck in consolidation.
AUD/USD round-tripped from 0.7755 to 0.7716 and back overnight and sits around 0.7750 at the time of writing, flat on the session.
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