Australian data: July retail sales +0.5% m/m (expected +0.3%)

<p>Australian July retail sales +0.5% m/m is a good headline for this series. Its not a game changer, but a welcome bounce from the June drop. </p><ul><li>expected +0.3%, prior -0.8%</li><li>for the y/y +2.1%</li></ul><p>These are the preliminary data, a further release for July will be made on September 1.</p>

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