Australian Bureau Of Statistics Data Show That All Kinds Of Consumption Declined In February.

03, 31 news, theBureauof Statistics 31 released data show that the country's retail sales unexpectedly fell in February, further shows that the central bank's interest rate hike measures are restraining domestic demand.

According to the report, Australia's retail sales fell 1.4% in February, and economists expected the average value to rise by 0.3% in the annulus, which rose 1.1% in January.

The weakness of household spending may leave room for next week's (5 days) to slow down the rate hike process by Stevens, Glenn Stevens, which accounts for 50% of the country's total economic output.

Previously, policymakers decided to raise interest rates by 25 basis points in March, and interest rates rose to 4%. The central bank made the same interest rate decision every month in the 09 quarter and fourth quarter.

CraigJames, a senior economist at Commonwealth Bankof Australia, said before the release of the report that although consumer confidence is still at a record high, consumers are cautious about spending in Commonwealth of Australia.