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Actual | Forecast | Previous | Revised Form | |
| 1.2% | 1.0% | -0.9% | -0.7% | ||
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For January (s.a.)
Current Release: Australian Bureau of Statistics |
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| 5/31 | 6/30 | 8/3 | 9/8 | 9/29 | 11/3 | 12/2 | 1/6 | 2/3 | 3/1 | ||
| Actual | 0.3% | 1.0% | -1.4% | -1.0% | 0.9% | -0.2% | 0.3% | 1.4% | -0.7% | 1.2% | |
| Forecast | 0.5% | 0.5% | 0.5% | 0.6% | 0.6% | 0.5% | 0.4% | 0.4% | 0.3% | 1.0% | |
| Previous | 2.2% | 0.3% | 1.0% | -0.8% | -0.9% | 0.7% | -0.2% | 0.4% | 1.5% | -0.9% | |
| Revised From | N/A | N/A | N/A | -1.4% | -1.0% | 0.9% | N/A | 0.3% | 1.4% | -0.7% | |
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Actual | Forecast | Previous | Revised Form | |
| -0.7% | 0.3% | 1.5% | 1.4% | ||
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For December (s.a.)
Current Release: Australian Bureau of Statistics |
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Actual | Forecast | Previous | Revised Form | |
| 1.4% | 0.4% | 0.4% | 0.3% | ||
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For November (s.a.)
Current Release: Australian Bureau of Statistics |
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Actual | Forecast | Previous | Revised Form | |
| 0.3% | 0.4% | -0.2% | N/A | ||
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For October (s.a.)
Current Release: Australian Bureau of Statistics |
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Actual | Forecast | Previous | Revised Form | |
| -0.2% | 0.5% | 0.7% | 0.9% | ||
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For September (s.a.)
Current Release: Australian Bureau of Statistics |
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Actual | Forecast | Previous | Revised Form | |
| 0.9% | 0.6% | -0.9% | -1.0% | ||
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For August (s.a.)
Australian retail sales posted a better than expected 0.9% gain in August, led by a 2.4% increase in department store sales. The data adds a positive counter-balance to the idea that the economy will slow as the impact of the government's massive fiscal stimulus fades. It also could help bring the Reserve Bank of Australia one step closer to raising rates. RBA Governor Glenn Stevens said this week interest rates will need to rise in a "timely" manner to avoid the emergence of imbalances in the economy. Though the bank meets next week, a change then is not expected, though the next meeting in November could see the central bank start its tightening campaign. The bank will have more inflation data by then, as well as a chance to see how economic growth is holding up through the middle of the 4th quarter. |
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Actual | Forecast | Previous | Revised Form | |
| -1.0% | 0.6% | -0.8% | -1.4% | ||
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For July (s.a.)
In the first back to back declines in retail sales since March-April 2005, July's figures fell 1.0%, disappointing forecast of 0.6%. Retail sales came in at a seasonally adjusted $19.62B in July from $19.82B in June. However, the ABS noted that sales put on 5.2% from a total of 18.65B in 2008. The decline was broad based, and shows reflects the waning effects of the federal stimulus given out in the first half of the year. |
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Actual | Forecast | Previous | Revised Form | |
| -1.4% | 0.5% | 1.0% | N/A | ||
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For June (s.a.)
previous Release: Australian Bureau of Statistics |
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Actual | Forecast | Previous | Revised Form | |
| 1.0% | 0.5% | 0.3% | N/A | ||
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For May (s.a.)
Current Release: Australian Bureau of Statistics |
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Actual | Forecast | Previous | Revised Form | |
| 0.3% | 0.5% | 2.2% | N/A | ||
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For April (s.a.)
Australia's retail sales rose 0.3% in April, the second straight month that sales were up, though the figure was lower than forecast. Consumers have seen their incomes buttressed by government handouts. Borrowing costs are also at their lowest level in half a century. The Reserve Bank of Australia is expected to keep rates steady at 3% as it waits to assess whether the government fiscal stimulus plan and the lower borrowing costs will revive the Austrian economy. |
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