Sydney Australia skyline

Australia Retail August 2018

Australia: Retail sales growth accelerates in August

Nominal retail sales growth in August came in at 0.3% over the previous month in seasonally-adjusted terms, following July’s flat reading. This was above market expectations of a 0.2% rise. Unremarkable wage growth, falling house prices and high household debts continue to weigh on consumer spending.

Higher sales in cafes, restaurants and takeaway food services; growth in clothing, footwear and personal accessory retailing; and higher sales in department stores led the expansion.

In annual terms, retail sales jumped a five-month high of 4.2% in August, down from July’s 2.6% increase. Consequently, growth in annual average retail sales in August inched up to 2.6% from July’s 2.5%.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest