Australia Retail Sales s.a. (MoM) below forecasts (-0.9%) in December: Actual (-2.7%)

Jan 30, 2024

RBNZ’s Conway: Softer GDP and CPI data doesn't mean the central bank will cut interest rates

The Reserve Bank of New Zealand (RBNZ) Chief Economist Paul Conway said on Tuesday that the downward revisions to economic activity data does not mean less inflation pressure in the economy.

Australia’s Retail Sales falls 2.7% MoM in December vs. 2.0% prior

Australia’s Retail Sales, a measure of the country’s consumer spending, fell 2.7% MoM in December from the previous reading of a 2.0% rise, according to the official data published by the Australian Bureau of Statistics (ABS) on Tuesday.