The March 2024 seasonally adjusted estimate: Fell 0.4% month-on-month. Rose 0.8% compared with March 2023. Turnover at current prices: {table} Monthly turnover, current prices - seasonally adjusted estimate: {chart} Total retail turnover - level, current prices: {chart} Trend estimates from March 2020 to June 2022 are not available due to the degree of disruption and volatility caused by COVID-19. Trend estimates throughout the pandemic period are likely to be unhelpful and potentially misleading for users in interpreting underlying trend in retail activity. Monthly turnover, current prices, by industry - percentage ... (full story)

Australia’s Retail Sales, a measure of the country’s consumer spending, dropped 0.4% MoM in March from the previous reading of a 0.3% rise, according to the official data published by the Australian Bureau of Statistics (ABS) on Tuesday. The figure came in weaker than market expectations with an increase of 0.2%. Market reaction The Australian Dollar (AUD) attracts some sellers following the downbeat Retail Sales data. The AUD/USD pair is down 0.17% on the day at 0.6554. (full story)