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Australia Retail Sales Rise At Faster Pace

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.

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by Renju Jaya

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