After accelerating over the past few months, retail sales growth in Australia (02.30 BST) probably weakened slightly in March. Admittedly, a boost to sales from the release of the Apple Watch is an upside risk. But with consumer confidence falling and the boost to real incomes from lower petrol prices fading, it makes sense that sales growth should be slowing.Capital Economics – “We estimate that retail sales grew by 0.5% m/m in March, compared to 0.7% m/m in February.”
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