Australian retail sales for Feb comes in right on market expectations at 0.2%mom, coming after a rebound in January. Signs of retail slowdown are evident but not a red flag for the #RBA to pause next week
In level terms retail sales remain well above where the pre-pandemic trend suggests they should be
Per capita retail sales values are still at pretty astonishing levels, the downside risk to this is clear given the impacts of rising interest rates on discretionary spend in particular
By state...
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