Australia Retail Sales Rise in September

Australia’s retail sales came in better than expected in September, data showed on Tuesday, a sign that consumers are responding to more than a year of record-low interest rates.

Retail sales rose 1.2 percent from the month before, much better than a Reuters consensus for a 0.3 percent gain.
The increase was across the board, with department-store, household goods and cafe-and-restaurant sales all recording big increases. Department-store sales added 1.3 percent, while sales of household good surged 4.1 percent. Cafe-and-restaurant sales rose 2.0 percent.

Trade data released at the same time showed imports rose a seasonally-adjusted 6 percent from August, while exports climbed one percent. This brings September trade deficit to 2.26 billion Australian dollars, compared with expectations of a 1.95 billion deficit.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza