Australian sales report a disappointing one - Westpac

FXStreet (Bali) - According to Matthew Hassan, Senior Economist at Westpac, overall, Wednesday´s Australian retail sales report was a disappointing one.

Key Quotes

"Overall the report was a disappointing one with retail sales growth holding flat around a 4% annualised pace for nominal pace and around a 3% annualised pace for real sales volumes."

"Neither is particularly weak, but sales growth is not showing the sort of convincing strength the RBA would be looking for to confirm its suggestion of “improved trends in household demand”.