Australian May Retail Sales: +0.3% m/m

  • expected +0.5% and prior was -0.1% m/m (revsied from flat at 0.0% change)

Preview is here

A miss on expectations, and the AUD/USD is falling away...

From the Australian Bureau of Statistics:

  • The trend estimate rose 0.2% in May 2015. This follows a rise of 0.3% in April 2015 and a rise of 0.3% in March 2015.
  • The seasonally adjusted estimate rose 0.3% in May 2015. This follows a fall of 0.1% in April 2015 and a rise of 0.2% in March 2015.
  • In trend terms, Australian turnover rose 4.4% in May 2015 compared with May 2014.

This is a disappointing result .... it will be of concern the RBA

AUD responding as expected, sold off: