Retail Sales in Australia

Australia Retail Sales | Economic News & Forecasts

Australia - Retail Sales

Retail sales contract in October

Retail sales fell 0.2% in month-on-month seasonally-adjusted terms in October, contrasting September’s 0.6% increase.

Looking at the details of the release, department store sales, household goods retailing, and clothing and footwear sales contracted, as did cafes, restaurants and takeaway food services sales. On the other hand, food retailing rose in October.

Retail sales increased 12.0% in annual terms in October, which was a deterioration from September's 18.6% rise.

FocusEconomics Consensus Forecast panelists project private consumption will increase 3.1% in 2023, which is unchanged from last month’s forecast. In 2024, the panel sees private consumption growing 2.8%.

Australia - Retail Sales Data

2015   2016   2017   2018   2019  
Retail Sales (annual variation in %)4.5  3.7  2.4  3.0  2.7  

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Australia Retail Sales Chart


Australia Retail
Note: Annual variation of real retail sales in %.
Source: Australia Bureau of Statistics and FocusEconomics calculations.

Australia Facts

Value Change Date
Bond Yield1.371.47 %Dec 31
Exchange Rate0.700.05 %Dec 31

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