Retail trade

Today the ABS released the September monthly and quarterly retail sales results. The latest monthly figures look steady. The cafe/restaurants sector is slowing a little (but still growing at a healthy pace). WA is still the stand-out growth state. Tasmania is still trailing.

On the quarterly statistics, the implicit inflation statistics for the latest quarter may give some cause for the RBA to stop and think (although the through-the-year figures are still very low).