Latest reading: Retail sales increased 4.8% on a year-on-year basis in September, following a 3.4% increase in the prior month...
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 2014 to 2024.
Source: Macrobond.
Australia Retail Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Retail Sales (ann. var. %) | 11.6 | 8.5 | 11.3 | -0.5 | 3.2 |
Retail sales expand at quickest pace since November 2021 in June
Latest reading: Retail sales grew 1.2% in month-on-month seasonally adjusted terms in June, which was above May's 0.5% increase. The result was triple market expectations and marked the best reading since November 2021. June's improvement was driven by stronger readings for household goods and food retailing sales. Meanwhile, annual average retail sales growth rose to 3.3% in June (May: +3.1%). This signals an improving trend in the retail trade sector.
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
-
Hong Kong: Retail sales gain steam in September -
Spain: Retail sales growth stabilizes in September Latest reading: Retail sales were up 0.5% in working day and seasonally adjusted month-on-month terms in September, stable from the... -
United Kingdom: Retail sales lose momentum in September Latest reading: Retail sales rose 0.5% on a seasonally adjusted month-on-month basis in September, following a 0.6% rise in the... -
Poland: Retail sales speed up in September Latest reading: Retail sales increased 6.6% in annual terms in September, following a 3.3% increase in the previous month. Relative... -
Indonesia: Retail sales growth speeds up in September Latest reading: Retail sales increased 5.8% on a year-on-year basis in September, following a 3.5% increase in the prior month.... -
Luxembourg: Retail sales contract in August Latest reading: Retail sales declined 0.7% in calendar and seasonally adjusted month-on-month terms in August, following a 7.1% rise in... -
Switzerland: Retail sales fall at a softer clip in August Latest reading: Retail sales were down 0.2% in seasonally adjusted month-on-month terms in August, following a 0.4% decline in the...