Australia Retail


Retail sales unexpectedly drop in November

In November, retail sales dropped 0.1% over October, which was down from the flat reading recorded in the previous month and contrasted market expectations of a 0.3% rise. Despite the negative reading, nominal retail sales rose 3.7% over the same month the previous year, which marked an acceleration compared to the 3.0% increase recorded in October.

As a result, the trend improved, with annual average growth in retail sales inching up from 3.4% in October to 3.5% in November.

Sample Report

Looking for forecasts related to Retail in Australia? Download a sample report now.


Australia Retail Chart

Australia Retail November 2013

Note: Month-on-month seasonally adjusted and annual variation of retail sales index in %.
Source: Australia Bureau of Statistics and FocusEconomics calculations.

Australia Economic News

More news

Search form