Australian December retail sales -2.7% m/m (expected -0.9%) ...Middle East

I mentioned earlier in the preview that There is some distrust of the figures at this time of year, the relatively new Black Friday sales events in Australia play havoc with seasonal adjustments for the months around it. The Australian Bureau of Statistics is still coming to grips with the new sales event.Rsults:-2.7% m/m (expected -0.9%, prior +2.0%)+0.8% y/yGiven the substantial 2.7% drop on the month, 3 times the -0.9% expected, there may well be some of this unknown seasonal adjustment playing into the data. Don't ask me, if the collective genius of the Australian Bureau of Statistics and all the PhDs on deck there can't figure it out a spot monkey won't be able to. If you do need answe

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Australian December retail sales -2.7% m/m (expected -0.9%) ...Middle East

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