Track AU New Motor Vehicle Sales m/m to gauge consumer confidence and spending trends in durable goods.
An indicator of consumer confidence, an increase in demand for high-value durable goods reflects that consumers trust their financial future and are willing to spend.
What it Measures
The change in the volume of new cars and trucks sold in the domestic market.
Usual Effect
A higher 'Actual' figure compared to 'Forecast' is positive for the currency.
Source & Frequency
Australian Bureau of Statistics (latest release) - https://www.abs.gov.au/ • Released monthly, approximately 16 days after the conclusion of the month.
How Data is Derived
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Also Known As
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Acronym
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