A slower rate of growth for retail sales this month, increasing by a seasonally adjusted 0.2%.
Nevertheless, by no means a bad result given that makes it 12 months of consecutive growth.
That said, with the rate of growth slowing and commodity prices sliding, economic growth for the 2nd quarter looks set to be subdued.
Net exports data out today all suggested a thumping result for the first quarter, which will help the GDP result this week.
Impressively for a nation allegedly stressed about its household budgets, Aussie retail expenditure on restaurants, cafes and takeaways yet again continued to soar for the skies, a certain sign that low interest rates have relieved mortgage stress massively (click chart):
More analysis on the retail sales to follow later...