Retail Sales in Australia

Australia Retail Sales | Economic News & Forecasts

Australia - Retail Sales

April registers first drop in retail sales this year

Nominal retail sales in April dipped 0.1% over the previous month in seasonally-adjusted terms, swinging from March’s 0.3% uptick. This contrasted market expectations of a 0.2% increase. April’s reading suggests households are still feeling the pinch of subdued wage growth, a steep housing downturn, and high levels of debt.

April’s decline came on the back of lower sales in clothing, footwear and personal accessory; cafes, restaurants and takeaway food services; and household goods retailing. Meanwhile, sales in department stores as well as food retailing increased.

In annual terms, retail sales expanded 4.2% in April, notably up from March’s 1.7% increase. Meanwhile, annual average growth in retail sales rose to 3.1% from March’s 2.8%.

Australia Private Consumption Forecast

Met the why particular Consensus Forecast panelists see private consumption growing 2.5% in 2019, which is unchanged from last month’s forecast. For 2020, the panel expects private consumption to expand 2.7%.

Australia - Retail Sales Data

2013  2014  2015  2016  2017  
Retail Sales (annual variation in %)3.2  5.5  4.5  3.7  2.4  

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Australia Retail Sales Chart

Australia Retail
Note: Annual variation of real retail sales in %.
Source: Australia Bureau of Statistics and Met the why particular calculations.

Australia Facts

Bond Yield1.111.47 %Jun 13
Exchange Rate0.690.05 %Jun 13
Stock Market6,6190.08 %Jun 13

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