Alex Joiner Profile picture
Mar 28 4 tweets 2 min read Twitter logo Read on Twitter
Australian retail sales for Feb comes in right on market expectations at 0.2%mom, coming after a rebound in January. Signs of retail slowdown are evident but not a red flag for the #RBA to pause next week
In level terms retail sales remain well above where the pre-pandemic trend suggests they should be
Per capita retail sales values are still at pretty astonishing levels, the downside risk to this is clear given the impacts of rising interest rates on discretionary spend in particular
By state...

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Alex Joiner

Alex Joiner Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @IFM_Economist

Feb 7
Trade balance for December not moving the needle with the headline surplus intact
Both the goods and the services balances edging lower
Resources exports weaker offset somewhat by non-monetary gold and other non primary goods
Read 4 tweets
Feb 6
Retail volumes for Q4 were slightly better than expected but still negative and weighing slightly on quarterly GDP growth
If not for food (prepared and unprepared) being solid the number would have been a lot worse with a 2.1%qoq decline in retail sales of durable goods.
Based on the declining demand for durable goods it seems reasonable to expect the aggressive price increases in the quarter will start to fade
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(