Australia Retail

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Australia: Retail sales recover in August

September 2, 2015

Nominal retail sales recorded a 0.4% increase in August over the previous month, in seasonally-adjusted terms, which contrasted the 0.1% decrease recorded in July. The figure was well above the flat growth that the markets had expected. Food retailing was the largest contributor to August’s result, while clothing, footwear and personal accessory retailing observed the largest contraction.

On a year-on-year basis, the pace of growth in retail sales slowed from a 4.6% increase July to a 3.8% expansion in August. Annual average growth in retail sales in August was level with July’s result of a 4.6% increase.

FocusEconomics Consensus Forecast panelists see private consumption growing 2.5% in 2015, which is unchanged from last month’s forecast. For 2016, the panel sees private consumption expanding 2.4%.


Author:, Economist

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Australia Retail August 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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