Latest reading: Retail sales grew 0.6% month-on-month in seasonally adjusted terms in June (May: -0.9% mom), easily beating market expectations....
Retail Sales in Australia
The Australian economy recorded an average growth rate of 4.6% in retail sales over the decade to 2024, same level as 's average of %. In 2024, Australia's retail sales growth was 2.8%.
Australia Retail Chart
Note: This chart displays Retail Sales (ann. var. %) for Australia from 2024 to 2019.
Source: Macrobond.
Australia Retail Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Retail Sales (ann. var. %) | 6.7 | 5.3 | 11.3 | 3.1 | 2.8 |
Retail sales return to growth in May
Latest reading: Retail sales increased 0.2% month on month in seasonally adjusted terms in May after stagnating in April, though falling short of market expectations. The reading largely reflected a recovery in department stores. Less positively, sales growth for household goods plus cafes, restaurants and takeaway food services screeched to a halt, and food retailing swung into contraction. On an annual basis, retail sales growth inched up to 4.1% in May from 4.0% in April. As a result, the trend improved, with the annual average growth of retail sales coming in at 3.1% in May, up from April's 3.0%.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Australian retail projections for the next ten years from a panel of 1 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable retail forecast available for Australian retail.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Australian retail projections.
Want to get access to the full dataset of Australian retail forecasts? Send an email to info@focus-economics.com.
Latest Global Retail News
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United States: Retail sales rebound in June -
Indonesia: Retail sales growth rises in June Latest reading: Retail sales expanded 2.0% in year-on-year terms in June, which was above May’s 1.9% increase. Sales of automotive... -
Australia: Retail sales return to growth in May Latest reading: Retail sales increased 0.2% month on month in seasonally adjusted terms in May after stagnating in April, though... -
Hong Kong: Retail sales record best reading since December 2023 in May Latest reading: Retail sales grew 1.9% year on year in May (April: -3.3% yoy). The print put an end to... -
Switzerland: Retail sales fall at sharpest rate since September 2024 in May Latest reading: Retail sales fell 0.6% month-on-month in seasonally adjusted terms in May (April: -0.2% mom). The result marked the... -
Spain: Retail sales growth ebbs in May Latest reading: Retail sales increased 0.2% in month-on-month seasonally adjusted terms in May, which was a deterioration from April’s 0.8%... -
Luxembourg: Retail sales deteriorates in May Latest reading: Retail sales dropped 0.1% month-on-month in seasonally adjusted terms in May (April: +0.9% mom s.a.). On an annual...