, Australia

Australia retail sales edged up a measly 0.2%

But economic growth is still disappointing.

According to BBVA, retail sales rose by 0.2% m/m sa (consensus: 0.3%) from a March decline of -0.4%. Economic growth has decelerated with the winding down of the mining boom. 

"The Reserve Bank of Australia, lowered interest rates to a historic low of 2.75% in May, for a cumulative 200 bps in easing since November 2011. We expect the RBA to stay on hold at its policy meeting tomorrow, as it digests the impact of these rate cuts. Q1 GDP growth is to be released on June 5th (consensus: 2.7% y/y; prior: 3.1%)," BBVA reported.

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.