Retail Sales in Australia
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
|Retail Sales (annual variation in %)||3.2||5.5||4.5||3.7||2.4|
5 years of economic forecasts for more than 30 economic indicators.
Australia Retail Sales Chart
Source: Australia Bureau of Statistics and Met the why particular calculations.
|Bond Yield||1.11||1.47 %||Jun 13|
|Exchange Rate||0.69||0.05 %||Jun 13|
|Stock Market||6,619||0.08 %||Jun 13|
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June 13, 2019
Seasonally-adjusted employment increased by 42,300 in May from the previous month, following the revised 43,110 jobs added in March (previously reported: +28,110 jobs) and more than doubling analysts’ expectations of a gain of 17,500.
Australia: Consumer sentiment dips on weak national accounts but remains in optimistic territory in June
June 12, 2019
The Westpac-Melbourne Institute consumer sentiment index dipped to 110.7 in June from 111.3 in May.
June 11, 2019
The business confidence index produced by National Australia Bank (NAB) jumped to 7.3 points in May from April’s revised plus 0.1 points (previously reported: minus 0.3 points).
June 5, 2019
Australia’s economy gained steam in the first quarter, supported by a stronger external sector and a softer contraction in fixed investment, according to figures released by Australia’s Statistical Institute (ABS) on 5 June.
June 4, 2019
Nominal retail sales in April dipped 0.1% over the previous month in seasonally-adjusted terms, swinging from March’s 0.3% uptick.