Retail sales bounced back in February

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By Leith van Onselen

The Australian Bureau of Statistics (ABS) has released retail sales figures for the month of February, which registered a 0.6% seasonally-adjusted increase in sales over the month, with annual sales growth rising to 3.0%:

In trend terms, annual retail sales growth rebounded to 2.7%.

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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.