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.

How did the imports and exports change during the same period?

What was the value of the Aussie dollar before and after the data release?

What impact did the retail sales data have on the Reserve Bank of Australia's cash rate decision?

What was the contraction rate for retail sales in December?

What was the trade balance deficit reported for December?