Australia Retail July 2017

Australia

Australia: Retail sales flat in July

September 7, 2017

Nominal retail sales in July were unchanged over the previous month in seasonally-adjusted terms, down from the 0.3% increase registered in June. The flat reading was due to a contraction in department store sales, offsetting higher sales in the household goods retailing, and the restaurant and take away food categories.

On a year-on-year basis, retail sales expanded 2.9% in July, down from a 4.2% yearly increase in June. Average annual growth in retail sales edged up from 2.9% in June to 3.0% in July.

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 2.3%, which is also unchanged from last month’s forecast.


Author:, Economist

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Australia Retail July 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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