Australia Retail Sales for February: 0.8% m/m (expected 0.3%)

The RBA yesterday and the budget overnight have not taken away the importance of this data point.

Comes in at HUGE beat +0.8% m/m

• expected 0.3% m/m, prior 0.1%

More:

trend estimate for Australian retail turnover rose 0.2 per cent in February 2019

• following a 0.2 per cent rise in January 2019

trend estimate +2.9 per cent y/y

(ps. the headline numbers are the 'seasonally adjusted', this is what the market focuses on

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For background:

• Australian retail sales data due today, February expected +0.3% m/m