MoM Change in Australia's Retail Sales
Australia| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The month-on-month retail sales measure indicates the percentage change in retail sales in Australia compared to the previous month. This data is released monthly by the Australian Bureau of Statistics (ABS) and is crucial for understanding short-term trends in consumer spending.
If retail sales increase month-on-month, it suggests that consumer spending is rising, indicating economic expansion. Conversely, if retail sales decrease, it suggests that consumer spending is declining, indicating potential economic stagnation. This data is a critical reference for policymakers when adjusting monetary and fiscal policies.
For example, if retail sales show strong growth, the central bank may consider raising interest rates to mitigate inflation risks. Conversely, if retail sales decline, it may necessitate enhanced economic stimulus measures. Additionally, retail sales data is important for businesses and investors, providing insights into consumer behavior and economic outlooks.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
