Australia Retail

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Australia: Retail sales in July fall for the first time in over a year

September 3, 2015

Nominal retail sales recorded a decrease of 0.1% in July over the previous month, in seasonally-adjusted terms, which was a deterioration over the 0.6% increase recorded in June and the lowest figure recorded since May 2014. The figure was well below the 0.4% increase that the markets had expected.

On a year-on-year basis, the pace of growth in retail sales slowed from a 5.3% increase June to a 4.6% expansion in July. Annual average growth in retail sales inched down in July, from 4.8% in June to 4.6%, marking the lowest reading in 11 months.

FocusEconomics Consensus Forecast panelists see private consumption growing 2.5% in 2015, which is up 0.1 percentage points from last month’s forecast. For 2016, the panel sees private consumption expanding 2.6%.


Author:, Economist

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Australia Retail July 2015

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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