Australia Retail June 2017

Australia

Australia: Retail sales continue to slide in June

August 4, 2017

Nominal retail sales in June expanded 0.3% month-on-month in seasonally adjusted terms, down from the 0.6% increase registered in May. The increase was driven by higher sales in the household goods retailing and the restaurant and take away food categories, offsetting losses in the department stores category.

On a year-on-year basis, retail sales expanded 4.2% in June, up from 4.1% in May. Annual average growth in retail sales in June was stable at May’s 2.9%.

FocusEconomics Consensus Forecast panelists see private consumption growing 2.5% in 2017, which is unchanged from last month’s forecast. For 2018, the panel sees private consumption expanding 2.8%.


Author:, Economist

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Australia Retail June 2017

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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