Fundamental: Australian Retail Sales Rebound in 2023, Keeping Pressure on RBA

Australian retail sales rebounded in the first month of 2023 as consumers spent on everything from eating out to clothing and footwear, suggesting households are yet to be cowed by rising interest rates and elevated inflation. Sales surged 1.9% from a month earlier, outpacing a forecast 1.5% gain, and partially offsetting an upwardly revised 4% slump in ...     Alert Feb 28, 2023, 3:10pm Fundamental: Australian Retail Sales Rebound in 2023, Keeping Pressure on RBA Australian retail sales rebounded in the first month of 2023 as consumers spent on everything from eating out to clothing and footwear, suggesting households are yet to be cowed by rising interest rates and elevated inflation. Sales surged 1.9% from a month earlier, outpacing a forecast 1.5% gain, and partially offsetting an upwardly revised 4% slump in ... View Story Edit This Alert     You've opted-in to receive Alerts from Forex Factory. • Unsubscribe from this content • Enable Do-Not-Disturb to pause all Alerts • Contact FF for Alert support