Australia's retail sales grew at a slightly faster pace in March with higher food-related spending in supermarkets and grocery stores, the Australian Bureau of Statistics said Friday.
Retail turnover climbed 0.3 percent month-on-month in March, slightly faster than the 0.2 percent rise in February. However, this was weaker than economists' forecast of 0.4 percent.
The extreme weather conditions early in March led to significant disruptions for businesses and households throughout Queensland.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.