Australia - February retail sales: +0.7%m/m

  • expected is +0.4%
  • prior was +0.5%, revised up from +0.4%

That is a very strong result for retail sales, nearly double expectation

  • 3rd consecutive monthly gain

Retail sales m/m (red, bolded line) beating expectations (green line)

RBA announcement due a little later, at 0430GMT