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 - Thursday 31 October 2024 00:30

Previous
0.7%
Revised
-
Forecast
0.3%
Actual
0.1%

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

Next event - Thursday 28 November 2024 00:30

Previous
0.1%
Forecast
-
Actual
-

The typical/expected impact on AUD pairs is high.

There is no forecast value for Retail Sales s.a. (MoM) yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Retail Sales s.a. (MoM) was 0.1% against a forecast of 0.3%.

Past events

Date
Forecast
Actual
Thursday 31 October 2024 00:30
0.3%
0.1%
Tuesday 1 October 2024 01:30
0.4%
0.7%
Friday 30 August 2024 01:30
0.3%
0%
Wednesday 31 July 2024 01:30
0.2%
0.5%
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%

Economic context

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

PreviousLatest
Employment Change s.a.Bearish change61.3K15.9K
Full-Time EmploymentBearish change48.8K9.7K
Participation RateBearish change67.2%67.1%
Part-Time EmploymentBearish change12.5K6.2K
Unemployment Rate s.a.(no change)4.1%4.1%
Consumer Inflation ExpectationsBearish change4%3.8%
Wage Price Index (QoQ)(no change)0.8%0.8%
Westpac Consumer ConfidenceBearish change6.2%5.3%
Exports (MoM)Bearish change-0.6%-4.3%
Imports (MoM)Bearish change-0.2%-3.1%
Trade Balance (MoM)Bearish change5284M4609M
AiG Industry IndexBearish change-18.6-28.8

About Retail Sales s.a. (MoM)

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