Goldman wraps a Q1 dud. Nominal retail sales rose 0.3%mom in March, broadly in line with expectations (GSe: +0.2%mom, BBG: 0.4%mom). That said, the details were softer, with ex-food sales broadly flat for a second consecutive month. The quarterly data were also weaker than expected, with volumes flat in 1Q2025 against expectations for an ongoing
The post RBA to cut as retail slumps again appeared first on MacroBusiness.