Australian Retail Sales for March +1.3% m/m (vs. preliminary +1.4%,prior -0.8%)
At the same time were the Q1 retail sales data
Come ins at -0.5% q/q for Retail Sales excluding inflationBoth m/m and q/q slightly softer.
- expected -0.4% q/q, prior +2.4%
Data out at the same time - well worth checking out as a counter to this slight weakness here:
- Australian April business confidence 26 (prior 17) & conditions 32 (prior 24) ... rec ord highs all over the place in this NAB survey of business.