Australia - Retail Sales for July: 0.0 % m/m (expected 0.2%)

Consumer spending has been weighed upon by slow wage growth, a key concern of the Reserve Bank of Australia

A miss for this in July, comes in flat at 0.0% change m/m

• expected 0.2% m/m, prior 0.3%

The trade balance also missed

AUD marked down a few points on the two misses

Update:

Retail sales had bounced back in Q2, this quarter not getting off to as positive a start though