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According to data released today by the Australian Bureau of Statistics (ABS), retail turnover in Australia increased by 0.4% in March 2023.
This comes after a 0.2% increase in February 2023.
Retail turnover was 5.4% higher compared with March 2022, and continues to slow:
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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.
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