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%.
Author: Christopher Mc Innes, Economist