Australia Retail November 2018

Australia

Australia: Pre-Christmas shopping pushes retail sales growth to 5-month high

January 11, 2019

Nominal retail sales growth in November came in at 0.4% over the previous month in seasonally-adjusted terms, following October’s 0.3% expansion. This was slightly above market expectations of a 0.3% rise. Although sluggish wage growth, falling house prices and a high stock of household debt continued to weigh on consumers’ finances, retail sales benefited from strong promotional activity.

Higher sales in household goods retailing and clothing, footwear and personal accessories retailing led the expansion, partially offset by lower sales in cafes, restaurants and takeaway food services.

In annual terms, retail sales expanded 3.3% in November, down from October’s 3.8% increase. Meanwhile, annual average growth in retail sales in November remained unchanged at October’s 2.9%.

Australia Private Consumption Forecast


FocusEconomics Consensus Forecast panelists see private consumption growing 2.5% in 2019, which is unchanged from last month’s forecast. For 2020, the panel expects private consumption to expand 2.7%.


Author: Massimo Bassetti, Senior Economist

Sample Report

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

Download

Australia Retail Chart


Australia Retail November 2018

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


Australia Economic News

  • Australia: Retail sales jump in November

    January 11, 2021

    Nominal retail sales in November soared 7.1% over the previous month in seasonally-adjusted terms, following October’s 1.4% increase. Particularly pronounced increases were recorded in household goods retailing, clothing, footwear and personal accessory retailing, department stores, cafes, restaurants and takeaway food services and other retailing. In annual terms, retail sales jumped 12.1% in November, following October’s 7.7% expansion.

    Read more

  • Australia: Unemployment rate drops in November

    December 17, 2020

    Seasonally-adjusted employment soared by 90,000 in November, following revised 180,400 jobs gain in October (previously reported: +178,800).

    Read more

  • Australia: Business confidence at highest level in close to three years in November

    December 11, 2020

    The business confidence index produced by National Australia Bank (NAB) soared from 3.2 points in October to 12.4 points in November, marking the highest reading since April 2018.

    Read more

  • Australia: Consumer sentiment at over 10-year high in December

    December 11, 2020

    The Westpac-Melbourne Institute consumer sentiment index surged from 107.7 in November to 112.0 in December, marking the highest reading since October 2010.

    Read more

  • Australia: Retail sales rebound in October

    December 4, 2020

    Nominal retail sales in October expanded 1.4% over the previous month in seasonally-adjusted terms, contrasting September’s 1.1% drop. Particularly pronounced increases were recorded in cafes, restaurants and takeaway food services, as well as in food clothing, footwear and personal accessory retailing.

    Read more

More news

Search form