Sydney Australia skyline

Australia Retail

Australia Retail

Retail Sales in Australia

Australia's economy recorded an average growth rate of 4.8% in retail sales in the decade to 2022, below the 8.2% average for the Asia-Pacific region. In 2022, retail sales growth was 11.3%.

Australia Retail Chart

Note: This chart displays Retail Sales (ann. var. %) for Australia from 2019 to 2017.
Source: Australian Bureau of Statistics.

Australia Retail Data

2018 2019 2020 2021 2022
Retail Sales (ann. var. %) 3.0 2.7 6.7 5.3 11.3

Retail sales contract at sharpest rate since August 2020 in December

Retail sales dropped 2.7% month-on-month in seasonally adjusted terms in December (November: +1.6% s.a. mom). The outturn marked the worst reading since August 2020. The notable weakening was partly driven by a deterioration in household goods sales, as it recorded the weakest reading since July 2000. In addition, clothing and footwear sales fell sharply. Lastly, department stores sales declined at a sharper rate, while cafes, restaurants and takeaway food services sales dipped at a steeper pace than in the prior month.

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

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest