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Australia: Growth in retail sales moderates in January

March 9, 2015

Nominal retail sales rose 0.4% in January over the previous month in seasonally-adjusted terms, which was slightly above the 0.2% increase recorded in December. The result was in line with market expectations.

On a year-on-year basis, the pace of growth in retail sales moderated from a 4.2% rise in December to a 4.0% increase in January. Annual average growth in retail sales ticked down from December’s 5.3% to 5.1% in January.

FocusEconomics Consensus Forecast panelists see private consumption growing 2.5% in 2015, which is unchanged from last month’s forecast. For 2016, the panel sees private consumption expanding 2.6%.


Author:, Economist

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Australia Retail Chart


Australia Retail January 2015

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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