AUD: Retail sales likely to print 0.3% for November – RBC CM

FXStreet (Delhi) – Research Team at RBC CM, suggests that tailwinds from lower fuel prices and higher asset prices kept consumer confidence near above average levels through November.

Key Quotes

“This should help keep trend growth in retail sales at 0.3%m/m for that period. More relevant, however, will be the early anecdotal reports from retailers regarding the Christmas period. These should begin to hit wires over the next couple of weeks.”