Retail Sales s.a. (MoM)

The primary gauge of Australia’s consumer spending, the Retail Sales, is released by the Australian Bureau of Statistics (ABS) about 35 days after the month ends. It accounts for approximately 80% of total retail turnover in the country and, therefore, has a significant bearing on inflation and GDP. This leading indicator has a direct correlation with inflation and the growth prospects, impacting the Reserve Bank of Australia’s (RBA) interest rates decision and AUD valuation. The stats bureau uses the forward factor method, ensuring that the seasonal factors are not distorted by COVID-19 impacts.

Most recent - Wednesday 3 July 2024 01:30

Previous
0.1%
Revised
-
Forecast
0.2%
Actual
0.6%

Higher numbers than forecast tend to be bullish for AUD/xxx pairs and bearish for xxx/AUD pairs.

Trading range

Forecast history

The most recent announced value for Retail Sales s.a. (MoM) was 0.6% against a forecast of 0.2%.

Past events

Date
Forecast
Actual
Wednesday 3 July 2024 01:30
0.2%
0.6%
Tuesday 28 May 2024 01:30
0.2%
0.1%
Tuesday 30 April 2024 01:30
0.2%
-0.4%
Thursday 28 March 2024 00:30
0.4%
0.3%
Thursday 29 February 2024 00:30
1.5%
1.1%
Tuesday 30 January 2024 00:30
-0.9%
-2.7%
Tuesday 9 January 2024 00:30
1.2%
2%
Tuesday 28 November 2023 00:30
0.1%
-0.2%
Monday 30 October 2023 00:30
0.3%
0.9%
Thursday 28 September 2023 01:30
0.3%
0.2%
Monday 28 August 2023 01:30
0.3%
0.5%
Friday 28 July 2023 01:30
0%
-0.8%
Thursday 29 June 2023 01:30
0.1%
0.7%
Friday 26 May 2023 01:30
0.2%
0%
Wednesday 3 May 2023 01:30
0.2%
0.4%
Tuesday 28 March 2023 00:30
0.4%
0.2%
Tuesday 28 February 2023 00:30
1.5%
1.9%
Tuesday 31 January 2023 00:30
-0.3%
-3.9%
Wednesday 11 January 2023 00:30
0.6%
1.4%
Monday 28 November 2022 00:30
0.4%
-0.2%
Monday 31 October 2022 00:30
0.6%
0.6%
Wednesday 28 September 2022 01:30
0.4%
0.6%
Monday 29 August 2022 01:30
0.3%
1.3%
Thursday 28 July 2022 01:30
0.5%
0.2%
Wednesday 29 June 2022 01:30
0.4%
0.9%
Friday 27 May 2022 01:30
0.9%
0.9%
Wednesday 4 May 2022 01:30
0.6%
1.6%
Tuesday 29 March 2022 00:30
1%
1.8%
Monday 28 February 2022 00:30
0.4%
1.8%
Tuesday 1 February 2022 00:30
3.9%
-4.4%
Tuesday 11 January 2022 00:30
3.9%
7.3%
Friday 26 November 2021 00:30
2.5%
4.9%
Friday 29 October 2021 00:30
0.2%
1.3%
Tuesday 28 September 2021 01:30
-2.5%
-1.7%
Friday 3 September 2021 01:30
-
-2.7%
Friday 27 August 2021 01:30
-2.3%
-2.7%
Wednesday 4 August 2021 01:30
-1.8%
-1.8%
Wednesday 21 July 2021 01:30
-0.5%
-1.8%

Economic context

Recent economic data has been moderately bullish for AUD. Other recent announcements which may affect the market's interpretation of the next Retail Sales s.a. (MoM) result:

PreviousLatest
Consumer Inflation ExpectationsBearish change4.4%4.3%
Westpac Consumer ConfidenceBearish change1.7%-1.1%
Exports (MoM)Bullish change-2.2%2.8%
Imports (MoM)Bullish change-7%3.9%
Trade Balance (MoM)Bearish change6678M5773M
Building Permits (MoM)Bullish change1.9%5.5%
AiG Industry IndexBullish change-40.3-25.6
Judo Bank Composite PMIBullish change50.650.7
Judo Bank Services PMIBullish change5151.2

About Retail Sales s.a. (MoM)

Country:Australia
Currency:AUD
Source:Australian Bureau of Statistics
Category:Consumption
Frequency:Monthly
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