Australia – Retail Sales for August: +0.1% m/m (expected +0.4%)

Australia – Retail Sales for August,

• expected +0.4% m/m, prior was +0.4%

NAB were spot on …Heads up for Australia retail sales at 0130GMT – NAB braces for disappointment

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AUD getting thumped, below 0.8700 as I type (NZD lower with it, but not to the same extent at all)

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From the Australian Bureau of Statistics:

AUGUST KEY POINTS

• The trend estimate rose 0.2% in August 2014. This follows a rise of 0.2% in July 2014 and a rise of 0.2% in June 2014.
• The seasonally adjusted estimate rose 0.1% in August 2014. This follows a rise of 0.4% in July 2014 and a rise of 0.6% in June 2014.
• In trend terms, Australian turnover rose 5.0% in August 2014 compared with August 2013.
• The following industries rose in trend terms in August 2014: Food retailing (0.3%), Cafes, restaurants and takeaway food services (0.3%) and Other retailing (0.2%). Household goods retailing was relatively unchanged (0.0%). Department stores (-0.2%) and Clothing, footwear and personal accessory retailing (-0.1%) fell in trend terms in August 2014.