Australian data – Retail Sales May 2025: +0.2% m/m (expected +0.4%)

Forex Short News

Australian data – Retail Sales May 2025: +0.2% m/m, short of expectations again and recording a fourth month of sluggish spending:

  • expected +0.4%, prior -0.1%
  • +3.3% y/y (+3.8% prior), the slowest annual pace since November last year

Australian retail sales rose less than expected in May:

  • drop in the food sector (this is a rarity)
  • gains in clothing and department stores

There is nothing in the data to stand in the way of an Reserve Bank of Australia rate cut next week. The Bank meet July 7 and 8, a 25bp rate cut is widely although not unanimously expected.

This article was written by Eamonn Sheridan at www.forexlive.com.