Australia Retail


Australia: Retail sales accelerate slightly in February

April 7, 2015

Nominal retail sales rose 0.7% in February over the previous month in seasonally-adjusted terms, which was slightly above the revised 0.5% increase recorded in January (previously estimated: +0.4% month-on-month). The result just overshot the 0.4% increase that the markets had expected.

On a year-on-year basis, the pace of growth in retail sales rose from a 4.0% expansion in January to a 4.4% increase in February. Annual average growth in retail sales ticked down from January’s 5.1% to 5.0% in February.

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 February 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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