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Australia retail sales jump in March - preliminary data


3 Min Read
SYDNEY (Reuters) -Australian retail sales surpassed expectations in March in a positive sign for the economy as soaring house prices and a surge in employment boosted consumer confidence and spending.
FILE PHOTO - A shopper holds items and looks at others on sale at a clothing retail store in central Sydney, Australia, March 19, 2017. REUTERS/Steven Saphore
Sales rose 1.4% in March from February, outpacing forecasts for a 1% gain, preliminary data from the Australian Bureau of Statistics (ABS) showed on Wednesday.
Retail turnover of A$30.72 billion ($23.71 billion) was up a hefty 2.3% on March last year, just when the COVID-19 pandemic hit. ....

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Australian retailers boast strong March sales as consumer confidence soars


3 Min Read
SYDNEY (Reuters) -Australian retail sales surpassed expectations in March in a positive sign for the economy as soaring house prices and a surge in employment boosted consumer confidence and spending.
FILE PHOTO - A shopper holds items and looks at others on sale at a clothing retail store in central Sydney, Australia, March 19, 2017. REUTERS/Steven Saphore
Sales rose 1.4% in March from February, outpacing forecasts for a 1% gain, preliminary data from the Australian Bureau of Statistics (ABS) showed on Wednesday.
Retail turnover of A$30.72 billion ($23.71 billion) was up a hefty 2.3% on March last year, just when the COVID-19 pandemic hit. ....

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China industrial output rises 14.1% y/y in March, retail sales jump 34.2%


By Reuters Staff
1 Min Read
BEIJING, April 16 (Reuters) - China’s industrial output grew 14.1% in March year-on-year, slowing from a 35.1% surge in the January-February period, while retail sales rose at a solid pace, official data showed on Friday.
The output figure lagged a 17.2% on-year rise forecast by analysts in a Reuters poll.
Retail sales increased 34.2% year-on-year in March, beating a 28.0% gain expected by analysts and stronger than the 33.8% jump seen in the first two months of the year.
Fixed asset investment surged 25.6% in the first three months from the same period a year earlier, versus a forecast 25.3% increase, and slowing from January-February’s 35% rise. (Reporting by Gabriel Crossley and Stella Qiu. Additional reporting by Roxanne Liu; Editing by Sam Holmes & Shri Navaratnam) ....

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Japan's retail sales fall for third straight month


2 Min Read
TOKYO (Reuters) - Japanese retail sales fell for the third straight month in February as households kept a lid on expenditure amid the coronavirus emergency, underscoring the fragile nature of the economy’s recovery from last year’s slump.
FILE PHOTO: People wear protective masks in a shopping district amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, December 14 , 2020. REUTERS/Kim Kyung-Hoon
Analysts expect Japan’s economy sharply contracted in the first quarter, as lacklustre consumer spending and weakening exports create challenges for policymakers who have already rolled out massive stimulus.
Retail sales lost 1.5% in February from a year earlier, government data showed on Tuesday, a smaller fall than the median market forecast for a 2.8% drop. ....

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