Australia data for March 2023 Retail Sales +0.4% m/m
- expected 0.2%, prior 0.2%
- third straight rise in March
- Australian Bureau of Statistics says: “Food retailing has now recorded 13 consecutive monthly rises, largely driven by high food inflation ...
- Spending on non-food retailing has slowed in response to interest rate rises and increased cost of living pressures."
- the Australian Bureau of Statistics also notes a "pull-back in spending on discretionary goods has seen monthly turnover remain at a similar level to six months ago"
For the y/y +5.4%
AUD is doing very little:
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