6 Feb 2014
Flash: Aus retail sales, trade balance next - ANZ
FXStreet (Bali) - In Australia today, retail sales and trade data for December will be released at 00.30 GMT, notes ANZ.
Key Quotes
"Retail sales are expected to have increased further in December, finishing the year with a run of strong numbers (ANZ: +0.5% m/m, mkt: +0.5% m/m).This would be consistent with generally positive anecdotes from retailers around the holiday period and some evidence of further increases in retail prices in the month. In volumes terms, retail sales are expected to have increased solidly in Q4 (ANZ: +1.0% q/q, mkt: +1.1% q/q), after gradually picking up through last year. For international trade, we expect the trade deficit to have widened sharply in December (mkt: -AUD200m)."
Key Quotes
"Retail sales are expected to have increased further in December, finishing the year with a run of strong numbers (ANZ: +0.5% m/m, mkt: +0.5% m/m).This would be consistent with generally positive anecdotes from retailers around the holiday period and some evidence of further increases in retail prices in the month. In volumes terms, retail sales are expected to have increased solidly in Q4 (ANZ: +1.0% q/q, mkt: +1.1% q/q), after gradually picking up through last year. For international trade, we expect the trade deficit to have widened sharply in December (mkt: -AUD200m)."