Australia Releases Trade and Retail Data

The video discusses unexpected economic data for December, highlighting significant misses in retail sales and trade balance figures. Retail sales contracted by 0.5%, contrary to the expected 0.2% contraction, following a 1.2% expansion in November. The trade balance showed a $1.36 billion deficit, while a $200 million surplus was anticipated. These results influenced the Aussie dollar, which saw a slight decline. The Reserve Bank of Australia is expected to maintain the cash rate, with the data supporting this decision. The video concludes with a recap of the key economic indicators and their implications.

What was the unexpected change in retail sales for December?

• An expansion of 0.5%

• A contraction of 2%

• A contraction of 0.5%

• An expansion of 1.2%

What was the expected trade balance for December?

• A deficit of $1.36 billion

• A surplus of $200 million

• A deficit of $1.38 billion

• A surplus of $1.36 billion

What was the main factor contributing to the trade balance deficit?

• Decrease in imports

• Increase in exports

• Increase in imports

• Decrease in exports

How did the Australian dollar react to the economic data release?

• It fell precipitously

• It rose significantly

• It fell slightly

• It remained stable

What is the Reserve Bank of Australia's expected decision regarding the cash rate?

• To eliminate the rate

• To hold the rate steady

• To decrease the rate

• To increase the rate