Sydney Australia skyline

Australia Retail June 2019

Australia: Consumers close Q2 on a more positive note

Nominal retail sales in June rose a healthy 0.4% over the previous month in seasonally-adjusted terms, accelerating from May’s subdued 0.1% uptick. This beat market expectations of a 0.3% increase. June’s reading suggests consumer spending if starting to benefit from the recent decline in mortgage rates, as well as from the bottoming out of the country’s house prices. That said, household spending remains on the watch list of Australia’s policymakers, due to protracted modest wage growth and high levels of debt.

June’s increase came on the back of higher sales in clothing, footwear and personal accessory retailing; other retailing; cafes, restaurants and takeaway services; food retailing; and household goods retailing. Meanwhile, sales in department stores decreased.

In annual terms, retail sales expanded 1.9% in June, notably down from May’s 2.9% increase. Meanwhile, annual average growth in retail sales was stable at May’s 3.0%.

With June’s data, retail sales expanded a mere 0.2% in inflation-adjusted terms over the previous quarter, suggesting the contribution to growth of private consumption was quite modest in the second quarter.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest