AUD: Retail sales bang on expectations - TDS

FXStreet (Delhi) – Research Team at TDS, notes that there are no monetary policy implications from today’s retail sales report for October, with sales up +0.5%/m pretty much at expectations.

Key Quotes

“On the year, retail sales are up 3.9%, well below annual increases of recent years. Sales of households goods recorded the fastest increase, up +6% on the year, thanks to the boom in Sydney and Melbourne house prices.”