Australian retail sales surpasses expectations in February

Australian Bureau of Statistic's retail product sales here continued to climb in February by 0.3%. This follows a growth of 0.3% in January 2015 and an increase of 0.3% in December 2014. It is all up.

This is very close to what the NAB’s survey found of a 3.7% increase in sales year on year. Furthermore what I found interesting was that 93% of all retail sales in Australia comes from traditional retail outlets.