In-house data shows Australian retail sales for August is likely to disappoint – preview

<p>Australian retail sales date for August is due today. Earlier post:</p><ul><li><a href="https://www.forexlive.com/news/theres-a-wide-range-of-estimates-for-the-australian-data-due-today-surprise-incoming-20230927/" target="_blank" rel="follow" data-article-link="true">There's a wide range of estimates for the Australian data due today – surprise incoming?</a></li></ul><p>Via CBA, citing their proprietary data for their lower-than-consensus estimate:</p><p>Retail trade rose by 0.5% in July, buoyed by spending around the FIFA </p><p>Women’s World Cup, and following a 0.7% decline in June. Our </p><p>CommBank Household Spending Insights (HSI) index shows that the </p><p>pace of retail spending growth moderated in August. We antici</p><p>pate that </p><p>retail trade, as measured by the ABS survey, rose by just 0.1%.</p><p>Retail trade rose by 0.5% in July, buoyed by spending around the FIFA </p><p>Women’s World Cup, and following a 0.7% decline in June. Our </p><p>CommBank Household Spending Insights (HSI) index shows that the </p><p>pace of retail spending growth moderated in August. We antici</p><p>pate that </p><p>retail trade, as measured by the ABS survey, rose by just 0.1%.</p><ul><li>Retail trade rose by 0.5% in July, buoyed by spending around the FIFA Women’s World Cup, and following a 0.7% decline in June. </li><li>Our CommBank Household Spending Insights (HSI) index shows that the pace of retail spending growth moderated in August. We anticipate that retail trade, as measured by the ABS survey, rose by just 0.1%.</li></ul>

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