Australia Retail

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Australia: Retail sales expand in June

August 4, 2014

Nominal retail sales rose 0.6% in June over the previous month in seasonally-adjusted terms, which contrasted the 0.3% decrease recorded in May. The result came in above market expectations of retail sales expanding 0.2%.

On a year-on-year basis, the pace of growth in retail sales decelerated slightly from the 5.1% increase tallied in May to a 5.0% rise in June. Despite the annual deceleration, annual average growth in retail sales edged up from 4.3% in May to 4.6% in June, which marked the highest average since April 2010.

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 June 2014

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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