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Australia: Expansion in retail accelerates slightly in April

June 3, 2014

Nominal retail sales rose 0.2% over the previous month in seasonally-adjusted terms in April, which came in above the 0.1% increase recorded in March. The result fell short of market expectations of a 0.3% rise.

On a year-on-year basis, the pace of growth in retail sales accelerated from the 4.4% increase tallied in March to a 6.5% increase in April. As a consequence of the acceleration, annual average growth in retail sales edged up from 3.8% in March to 4.1% in April, which marked the highest average since May 2010.

FocusEconomics Consensus Forecast panelists see private consumption growing 2.6% in 2014, which is unchanged from last month’s forecast. For 2015, the panel sees private consumption expanding 2.9%.


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Australia Retail April 2014

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


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