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Asian Economic News

Australia Retail Sales On Tap For Monday

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Australia will on Monday release retail sales data for June, highlighting a modest day for Asia-Pacific economic activity.

Retail sales are expected to add a seasonally adjusted 0.4 percent on month following the 0.1 percent gain in May. Retail sales ex inflation for Q2 is called lower by 0.1 percent on quarter after rising 2.2 percent in the previous three months.

Australia also will see the July inflation forecast from TD Securities; in June, it was projected to be flat on month and up 2.4 percent on year.

New Zealand will see July results for the ANZ commodity price index; in June, the index dipped 3.7 percent.

China will release July numbers for the HSBC/Markit Services PMI; in June, the PMI saw a score of 51.3.

Malaysia will provide June figures for imports, exports and trade balance. In May, imports were worth 52.91 billion ringgit and exports were at 55.37 billion ringgit, resulting in a surplus of 2.46 billion ringgit.

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