The 0.2% decline in retail sales is too early to point to as an indicator that things are slowing down. The fall was worse than expected but is just one single data point. We need to take it into context — jobs are strong, wages are starting to rise and overall economic activity remains solid.
Quicknote: Aussie retail sales take a bigger…
The 0.2% decline in retail sales is too early to point to as an indicator that things are slowing down. The fall was worse than expected but is just one single data point. We need to take it into context — jobs are strong, wages are starting to rise and overall economic activity remains solid.