Commentary

Add as a preferred source on Google

Retail sales growth in Australia probably weakened slightly in March

After accelerating over the past few months, retail sales growth in Australia (02.30 BST) probably weakened slightly in March. Admittedly, a boost to sales from the release of the Apple Watch is an upside risk. But with …

1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

After accelerating over the past few months, retail sales growth in Australia (02.30 BST) probably weakened slightly in March. 

Admittedly, a boost to sales from the release of the Apple Watch is an upside risk. But with consumer confidence falling and the boost to real incomes from lower petrol prices fading, it makes sense that sales growth should be slowing.

Capital Economics - "We estimate that retail sales grew by 0.5% m/m in March, compared to 0.7% m/m in February."

Related articles

View all