Australia: Expect Q3 sales volumes to be flat - TDS

Following the strong Q2 outcome, analysts at TDS expect Australia’s Q3 sales volumes to be flat given weak credit card purchases in recent months. 

Key Quotes

“A flat outcome will boost the dovish camp, but after an exceptionally strong H1 should be seen as the consumers remaining resilient.  Mkt range unusually wide at –1.0% to +0.8% although most of us are clustered at zero.”