Australia Retail

Australia

Australia: Retail sales unexpectedly drop in November

January 9, 2013

In November, retail sales dropped 0.1% over October, which was down from the flat reading recorded in the previous month and contrasted market expectations of a 0.3% rise. Despite the negative reading, nominal retail sales rose 3.7% over the same month the previous year, which marked an acceleration compared to the 3.0% increase recorded in October.

As a result, the trend improved, with annual average growth in retail sales inching up from 3.4% in October to 3.5% in November.


Author:, Head of Data Solutions

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Australia Retail November 2013

Note: Month-on-month seasonally adjusted and annual variation of retail sales index in %.
Source: Australia Bureau of Statistics and FocusEconomics calculations.


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