Market Alert : Global Sell-Off Extends: Liquidity Fears and Growth Concerns Dominate

Modest Rise in Australian Retail Sales in February 2023

According to the Australian Bureau of Statistics, retail sales in Australia increased by 0.2% in February 2023, following a 1.8% rise in January. Ben Dorber, head of retail statistics at the ABS, stated that retail sales grew moderately in February and have leveled out after a period of increased volatility between November 2022 and January 2023.