June 28, 2022

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Australia Retail Sales for March, preliminary: +1.4% m/m (expected +1.0%)

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Australia Retail Sales for March, preliminary is up 1.4% m/m

Up 2.3% y/y (prior +9.1%)

Australian Bureau of Statistics notes:

  • The rises were led by Victoria (4%) and Western Australia (5.5%), with both states rebounding from COVID-19 lockdown restrictions during February. 
  • Queensland, which saw COVID-19 restrictions impact March 2021, saw a minor fall. Brisbane saw a 3-day lockdown at the end of March. 

For background on what was expected:

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