New Motor Vehicle Sales fell 3.6% in October

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Monday, Nov 16 2015

This morning, from Australia, New Motor Vehicle Sales figures were released. The October 2015 trend estimate (97 903) has increased by 0.4% when compared with September 2015. In seasonally adjusted terms sales fell 3.6% following 5.0% incline in September.

When comparing national trend estimates for October 2015 with September 2015, sales of Passenger and Other vehicles decreased by 0.1% and 0.5% respectively. Over the same period sales for Sports utility vehicles increased by 1.5%.

Aussie is currently being traded around 0.7120 area. Pair is likely to find support around 0.7080 handle and resistance above 0.7170 level. Later today, in the US session, Empire State Manufacturing Index figures are scheduled for a release.

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