Retail Sales in Australia
Australia - Retail Sales
Retail sales growth jumps in October
Retail sales climbed 4.9% in month-on-month seasonally-adjusted terms in October, which followed September's 1.3% increase and benefited from easing Covid-19 restrictions.
The headline reading reflected expansions in housing goods retailing; clothing, footwear and personal accessory retailing; department stores; and, cafes, restaurants and takeaway food services. This more than offset a slight contraction in food retailing.
In annual terms, retail sales expanded 4.6% in October, following the 1.9% increase logged in September. Meanwhile, annual average growth in retail sales eased to 6.3% in October from 6.6% in September.
FocusEconomics Consensus Forecast panelists are still assessing the latest developments.
Australia - Retail Sales Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Retail Sales (annual variation in %) | 4.5 | 3.7 | 2.4 | 3.0 | 2.7 |
Australia Retail Sales Chart
Source: Australia Bureau of Statistics and FocusEconomics calculations.
Australia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.37 | 1.47 % | Dec 31 |
| Exchange Rate | 0.70 | 0.05 % | Dec 31 |
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Economic News
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Australia: RBA stands pat in December
December 7, 2021
At its monetary policy meeting on 7 December, the Reserve Bank of Australia (RBA) decided keep the cash rate unchanged at the all-time low of 0.10%, and stated it will continue purchasing government bonds at the rate of AUD 4 billion a week until at least mid-February next year, in order to maintain accommodative financing conditions. The decision was underpinned by moderate inflationary pressures, as well as the ongoing economic recovery amid a fast vaccine rollout.
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Australia: Economic growth slows less than expected in the third quarter
December 3, 2021
Economic activity dropped 1.9% on a seasonally-adjusted quarter-on-quarter basis in Q3, contrasting the previous quarter's 0.7% expansion.
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Australia: Retail sales growth jumps in October
December 2, 2021
Retail sales climbed 4.9% in month-on-month seasonally-adjusted terms in October, which followed September's 1.3% increase and benefited from easing Covid-19 restrictions.
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Australia: Business confidence jumps in October
November 11, 2021
The business confidence index produced by National Australia Bank (NAB) improved to 20.8 points in October from 9.6 points in September.
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Australia: Consumer sentiment ticks up in November
November 11, 2021
The Westpac-Melbourne Institute consumer sentiment index increased to 105.3 in November from 104.6 in October.
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