Australia Retail April 2017

Australia

Australia: Retail sales rebound in April

June 1, 2017

Nominal retail sales in April expanded 1.0% month-on-month in seasonally adjusted terms, contrasting the 0.2% contraction in March and recording the best figure since September 2014. The increase was driven by higher sales in the food retailing and cafes, restaurant and take away food categories, offsetting losses in the household goods category.

On a year-on-year basis, retail sales expanded 2.5% in April, up from 2.4% in March. Annual average growth in retail sales inched down from 2.9% in March to 2.8% in April.

FocusEconomics Consensus Forecast panelists see private consumption growing 2.5% in 2017, which is unchanged from last month’s forecast. For 2018, the panel sees private consumption expanding 2.8%.


Author:, Economist

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Australia Retail April 2017

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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