Australia Retail May 2017

Australia

Australia: Retail sales soften in May

July 4, 2017

Nominal retail sales in May expanded 0.6% month-on-month in seasonally adjusted terms, down from the 1.0% increase registered in April. The increase was driven by higher sales in the household goods retailing and the restaurant and take away food categories, offsetting losses in the clothing, footwear and personal accessory retailing category.

On a year-on-year basis, retail sales expanded 4.1% in May, up from 2.5% in April. Annual average growth in retail sales inched up from 2.8% in April to 2.9% in May.

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

Sample Report

Looking for forecasts related to Retail in Australia? Download a sample report now.

Download

Australia Retail Chart


Australia Retail May 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.


Australia Economic News

More news

Search form