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Australia: Retail sales inch up in October

December 4, 2015

Nominal retail sales recorded a 0.6% increase in October over the previous month, in seasonally-adjusted terms. The figure was up from last month’s reading of 0.4% and coincided with market expectations. The categories of food and household goods retailing observed the strongest increases in October, while clothing and footwear fell.

On a year-on-year basis, the pace of growth in retail sales increased from a 3.9% rise in September to a 4.4% expansion in October. Despite the yearly improvement, annual average growth in retail sales in October fell from a 4.4% increase in September to 4.3%.

FocusEconomics Consensus Forecast panelists see private consumption growing 2.3% in 2016, which is unchanged from last month’s forecast. For 2017, the panel sees private consumption expanding 2.6%.


Author:, Economist

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Australia Retail October 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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