Retail sales growth fades

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By Leith van Onselen

The Australian Bureau of Statistics (ABS) has released retail sales figures for the month of March, which registered 0.4% seasonally-adjusted growth in sales over the month with annual sales clocking in at 3.6%:

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In trend terms, annual retail sales also clocked in at 3.6% and is falling.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.