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Australian retail sales rose another 1.8% in February to be up 9.1% year-on-year, according to the Australian Bureau of Statistics (ABS).
The rise in sales was driven by discretionary retail:
The increase was also broad-based, with all jurisdictions other than Western Australia and the Northern Territory posting solid growth:
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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.