The Australian Bureau of Statistics released its retail sales data on Monday. Retail sales in Australia were flat in February, missing expectations for a 0.4% rise, after a 0.3% increase in January.

Household goods sales were up 0.4% in February, department stores sales increased 0.4%, and food sales were flat, while clothing, footwear and personal accessory sales climbed 0.1%.

On a yearly basis, retail sales climbed 3.7% in February, after a 4.0% rise in January.