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: