Australian retails sales and trade balance beat estimates

Australia`s trade balance in November beat estimates by a healthy margin by closing at -1.33 billion. This is a huge drop from October which recorded a deficit of -2.24 billion. The full report on the trade balance can be found here.

While retail sales beat estimates it failed to record an improvement from the growth rate of 1.3% in October. November ended 0.4% vs 0.1% estimates. The breakdown of this figure can be found here.