Australia’s preliminary readings of the second quarter (Q2) Retail Sales improved to -0.5% versus -0.6% QoQ prior.

Further, Trade Balance eases to 11,321M compared to 11,791M prior and 11,000M expected.

More to come…

About Australia Retail Sales

The Retail Sales released by the Australian Bureau of Statistics is a survey of goods sold by retailers is based on a sampling of retail stores of different types and sizes and it''s considered as an indicator of the pace of the Australian economy. It shows the performance of the retail sector over the short and mid-term. Positive economic growth anticipates bullish trends for the AUD, while a low reading is seen as negative or bearish.