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

<p>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</p><ul><li>expected +0.1%, prior 0.0%</li></ul><p>Other data were for job vacancies which fell 2.0% q/q</p><ul><li>prior -1.5%</li></ul><p>AUD/USD is not a lot changed, it had risen prior to the data and is circa 0.6621 as I update. </p><p>-</p><p>I posted a preview of this here:</p><ul><li><a href="https://www.forexlive.com/centralbank/economic-calendar-in-asia-29-june-2023-new-zealand-and-australian-data-20230628/" target="_blank" rel="follow" data-article-link="true">Economic calendar in Asia 29 June 2023 – New Zealand and Australian data</a></li></ul>

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