Australia Retail December 2016

Australia

Australia: Retail sales contract in December

February 6, 2017

Nominal retail sales growth contracted in December, registering a 0.1% month-on-month fall in seasonally-adjusted terms, contrasting November’s 0.2% increase. The contraction was driven by a sizable drop in sales in the household goods subgroup, offsetting gains in food retailing and clothing, footwear and personal accessory retailing.

On a year-on-year basis, retail sales growth fell from 3.9% in November to 3.7% in December. Annual average growth in retail also fell from 3.9% in November to 3.7% in December.

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 December 2016

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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