Australia Retail


Retail sales flat in October

In October, retail sales were unchanged over September, which was down both from the 0.5% increase recorded in the previous month and market expectations of a 0.4% rise. Despite the flat monthly reading, nominal retail sales rose 3.0% over the same month last year, which marked an acceleration compared to the 2.6% increase recorded in September. As a result, the trend remained stable, as annual average growth in retail sales was unchanged at September's 3.4%.

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Australia Retail Chart

Australia Retail October 2012

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

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