Heads up for Australia retail sales at 0130GMT – NAB braces for disappointment

Coming up soon … 0130GMT –

• Australia Retail Sales for August, expected is +0.4% m/m, prior was +0.4%

But … National Australia Bank analysts write today in a research note that they are calling for a just a 0.1% gain in retail sales:

• They cite “lower retail industry confidence, choppy consumer confidence and real wage suppression”