Latest ABS Retail figures show Department Store turnover up 0.7% in February. Interesting to look at the trend charts, only one of these, "Household Goods", looks to be in a downtrend, even that is up over a 12 month period. Not surprising that the RBA can't see much reason to cut.
http://abs.gov.au/ausstats/[email protected]/Latestproducts/8501.0Main%20Features3Feb%202012?opendocument&tabname=Summary&prodno=8501.0&issue=Feb%202012&num=&view=
