"The NAB is officially forecasting a decline of 0.3%.
Along with the NAB and ANZ, Morgan Stanley is also tipping a decline in sales of 0.2%.
The median economist forecast is currently centered around an increase of 0.3%."
So they are essentially saying that although across the board they are expecting a drop in retail sales for the month that the "consensus view" is .3% growth?
When they are all predicting .2%-.3% declines in retail sales that my friends it's what I would call a "median forecast" but they would each rather have you believe that they are the only ones who are predicting a decline and going against the grain.
Anyone have a pet monkey that we can get to throw darts at a board to help us come up with a forecast?
MYR Price at posting:
79.0¢ Sentiment: Buy Disclosure: Held
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