Misleading sales statistics
The Australian Bureau of Statistics published retail sales statistics, stating that April 2018 sales went up by 0.3% in comparison to... March 2018. We keep stressing that such numbers are totally meaningless. What matters was the increase in comparison to April 2017 and that was around 2.3%. We had to figure this one out ourselves. The ABS and various media outlet seem all too comfortable with ignoring this KPI.