Australian March 2024 Retail Sales -0.4% m/m (expected +0.2%)

Very weak, a big miss for this.

March 2024 retail sales +0.4% m/m

expected +0.2%, prior +0.3%

Awful data. prices up, population soaring, and yet still a negative m/m.

Households are under stress from high interest rates, and given sticky high inflation this is not going to change any time soon:

CBA moves its forecast for an RBA rate cut to November (from September)

This article was written by Eamonn Sheridan at