Australia – Retail Sales for September: +1.2% m/m (vs. expected +0.3%, prior was +0.1%)

Retail Sales for September, % m/m

• expected was +0.3% m/m, prior was +0.1%

Also, the Q3 data released, +1.0% q/q (expected +0.5%, prior -0.2%)

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• Biggest jump in retail sales since February 2012
• Australian Bureau of Statistics mention the release of the iPhone6 as a big contributing factor in the surge