Australia Retail April 2016


Australia: Retail sales growth cools down in April

June 2, 2016

Nominal retail sales climbed 0.2% in April over the previous month in seasonally-adjusted terms, down from the 0.4% increase recorded in March. The figure marginally undershot market expectations of a 0.3% rise. Retail volumes for clothing, footwear and personal accessories as well as for household goods and other goods grew the most, while department stores and food retailing showed the weakest readings.

On a year-on-year basis, the pace of growth in retail sales rose from 3.7% in March to 4.9% in April. As a result, annual average growth in retail sales in April inched up from 4.3% in March to 4.4%.

FocusEconomics Consensus Forecast panelists see private consumption growing 2.7% in 2016, which is unchanged from last month’s forecast. For 2017, the panel also sees private consumption expanding 2.7%.

Author:, Economist

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Australia Retail Chart

Australia Retail April 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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