Australian Retail Sales MoM (MAY): +16.9%, Forecast: +16.3%, Previous: -17.7%

[found13]

https://www.abs.gov.au/ausstats/abs...D101561A26022077CA25857C0018CFDA?OpenDocument

 

[darentv]

@found13 >Shops open

>Retail increases

*Shocked Pikachu face* - abs

 

[truthvsmedia]

@found13 Isn’t that down overall? Is this good news or bad news then?

 

[resjudicata]

@truthvsmedia Expectations count in terms of the market’s reaction; the actual sales were higher than the expectation so therefore it’s good news. Theoretically because markets already knew the retail sector would be hard hit by a massive decrease in sales, that was already ‘priced in’ (can’t believe I’m saying that), all it matters now is that its future expectations are exceeded.

 

[raihan]

@truthvsmedia Expect it to be flat for June. Maybe up a bit but there's only so much pent up demand that can be filled on seeker/keeper.

 

[viadolorosa21]

@truthvsmedia yep would be down ~3-4% from 2 months ago

 

[resjudicata]

@found13 Open shops plus free money plus afterpay

 

[octsris]

@found13 Assume index was 100 ,

Down by 17.7 % would have taken it to 82.3, Up 16.9 % from there is 96.21

so another 3.79 to go before it returns to its original level.

That makes it easier to compare, where we started and where we are now.

 

[johnwallace]

@found13 V shaped recovery

 

[truthvsmedia]

@aftrhisheart More like V????Profit!

 

[prostep]

@found13 I guess everything is ok then