Australia Retail gross sales for July 0.0% vs 0.3% estimate

• Prior 0.5%
• Retail Sales (Final) 0.0% vs 0.3% estimate

Details:

• Clothing, footwear, and personal accessories: -0.5% (largest fall)

• Department stores: -0.4%

• Cafes, restaurants, and takeaway food: -0.2%

• Household goods retailing: 0.0% (unchanged)

• Other retailing: 0.0% (unchanged)

• Food retailing: 0.2% (only industry with a rise)

Ben Dorber, ABS head of retail statistics, said: “After rises in the past two months (both by 0.5%) boosted by mid-year sales activity, the higher level of retail turnover was maintained in July.”

The AUDUSD is dipping to a new low with the rising 100-hour MA at 0.6786

This article was written by Greg Michalowski at www.forexlive.com.