Australia Retail


Australia: Retail sales stagnate in April

June 4, 2015

Nominal retail sales recorded flat growth in April over the previous month in seasonally-adjusted terms, which was below the 0.2% increase recorded in March. The result was well below 0.4% increase that the markets had expected.

On a year-on-year basis, the pace of growth in retail sales fell from a 5.1% expansion in March to a 3.6% increase in April, which was the lowest reading in 19 months. Annual average growth in retail sales ticked down from March’s 5.1% to 4.9% in April.

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 April 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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