Australia Retail December 2015


Australia: Yearly retail sales growth increases in December

February 5, 2016

Nominal retail sales remained unchanged in December, as they recorded flat growth over the previous month, in seasonally-adjusted terms. The figure was down from November’s 0.4% increase, and surprised analysts on the downside, as they expected a 0.5% increase. The household goods retail volumes observed the strongest increase, while the clothing, footwear and accessories saw the largest decline.

On a year-on-year basis, the pace of growth in retail sales accelerated from a 3.8% increase in November to a 4.7% expansion in December. As a result, annual average growth in retail sales in December inched up from a 4.2% increase in November to a 4.3% rise.

FocusEconomics Consensus Forecast panelists see private consumption growing 2.4% in 2016, which is unchanged from last month’s forecast. For 2017, the panel sees private consumption expanding 2.5%.

Author:, Economist

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Australia Retail Chart

Australia Retail December 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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