Australia Retail

Australia

Australia: Retail sales steady in September

November 4, 2015

Nominal retail sales recorded a 0.4% increase in September over the previous month, in seasonally-adjusted terms. The figure was in line with last month’s reading of 0.4% and coincided with market expectations. The categories of food and other retailing observed the strongest increases in September, while clothing and footwear fell.

On a year-on-year basis, the pace of growth in retail sales inched up from a 3.8% increase in August to a 3.9% expansion in September. Despite the yearly improvement, annual average growth in retail sales in August fell from a 4.6% increase in August to a 4.4% rise in September.

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%, which is also unchanged from last month’s projection.


Author:, Economist

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Australia Retail September 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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