The Australian Federal Chamber of Automotive Industries' VFACTS report nearly slipped under the radar, but Reuters on top of it:
- New vehicles sales up 1.8 percent y/y in August
- highest total for an August month on record
- fourth straight month of record sales
A sign consumer spending was holding up despite sluggish wage growth
Updates ... AUD a strong performer, up sharply after the data (which will add to the GDP result tomorrow).
