Australia Retail


Australia: Retail sales accelerate in November

January 9, 2014

Nominal retail sales rose 0.7% over the previous month in seasonally-adjusted terms in November 2013. The result, which came in above both the 0.5% rise recorded in October and market expectations of a 0.4% increase.

On a year-on-year basis, the pace of expansion in retail sales rose from a 4.4% increase in October to a 4.6% rise in November, marking the strongest jump since June 2012. In turn, annual average growth in retail sales mirrored October's 2.5%.

FocusEconomics Consensus Forecast panelists see private consumption growing 2.7% 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 Chart

Australia Retail November 2013

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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