Australian Economy

Aussie retail sales still booming

Leith van Onselen
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The ABS has released retail sales data for March, which recorded a 1.6% monthly increase with annual growth rising to 9.4%:

Australian retail sales

Discretionary retail drove the sales:

Retail sales by component

Whereas sales rose across all jurisdictions other than South Australia:

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Retail sales by state

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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.