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Australia: Retail sales slow in March

May 6, 2015

Nominal retail sales rose 0.3% in March over the previous month in seasonally-adjusted terms, which was below the 0.7% increase recorded in February. The result undershot the 0.4% increase that the markets had expected.

On a year-on-year basis, the pace of growth in retail sales rose from a 4.4% expansion in February to a 5.1% increase in March, which was the highest reading in five months. Annual average growth in retail sales ticked up from February’s 5.0% to 5.1% in March.

FocusEconomics Consensus Forecast panelists see private consumption growing 2.7% in 2015, which is unchanged from last month’s forecast. For 2016, the panel sees private consumption expanding 2.7%.


Author:, Economist

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Australia Retail Chart


Australia Retail March 2015 1

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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