- Trade balance for December: 468 m (vs. expected -200m, prior was 83m surplus, revised from -118m)
- Exports +4% in December
- Imports +2%
- Retail Sales for December: 0.5% m/m (vs. expected 0.5%m/m, prior was at +0.7%)
- Retail Sales (ex. inflation) for the 4th quarter: 0.9% q/q (vs. expected 1.2%, prior 0.7%. It is the m/m data that the most focus, not this data point)
- National Australia Bank quarterly business confidence for Q4: 8 (prior was 5, revised from 3) (we get NAB business confidence and conditions data released monthly, this data point is old news)
- NAB Q4 current business conditions -3 vs -7 in Q3
- NAB Q4 survey of CAPEX plans for the next 12 months are 20 vs +14 in Q3
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- Solid result for retail sales on expectations
- Trade balance comes in at a surplus as opposed to the deficit expected
- AUD taking out stops above 0.8950, offers now at 75 and again at 90/00
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Retail Sales showing solid growth:
Trade balance – moves into surplus:
