Sydney Australia skyline

Australia Retail September 2018

Australia: Retail sales growth ticks down in September

Nominal retail sales growth in September came in at 0.2% over the previous month in seasonally-adjusted terms, following August’s 0.3% expansion. This was slightly below market expectations of a 0.3% rise. Sluggish wage growth, declining house prices and high household debt continued to weigh on consumer spending, and translated into the weakest expansion in retail sales in one-and-a-half years in Q3.

Higher sales in food retailing, cafes, restaurants and takeaways led the expansion, partially offset by lower sales in clothing, footwear and personal accessory retailing.

In annual terms, retail sales expanded 2.8% in September, down from August’s 4.2% jump. Meanwhile, annual average growth in retail sales in September inched up to 2.7% from August’s 2.6%.

Australia Private Consumption Forecast

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