Latest reading: Retail sales fell 0.3% month-on-month in seasonally adjusted terms in April (March: +0.2% mom). April’s figure was largely...
Retail Sales in Australia
In the year 2024, the retail sales in Australia was 2.76%, compared to 5.50% in 2014 and 3.13% in 2023. It averaged 4.64% over the last decade.
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 unexpectedly contract in April
Latest reading: Retail sales fell 0.1% month on month in seasonally adjusted terms in April (March: +0.3% mom s.a.), defying market expectations for an expansion. Looking at the details of the release, food retailing sales swung into contraction, and department store sales declined at a sharper pace, outweighing recoveries in sales for household goods plus cafes, restaurants and takeaway food services. On an annual basis, retail sales picked up pace, rising 4.0% in April compared to March’s 3.2% increase. As a result, annual average retail sales growth rose to 3.0% in April (March: +2.8%), signaling 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
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Switzerland: Retail sales dips in April -
Hong Kong: Decline in retail sales softens in April Latest reading: Retail sales declined 3.2% in year-on-year terms in April, which followed March’s 4.7% decrease. The figure was the... -
Australia: Retail sales unexpectedly contract in April Latest reading: Retail sales fell 0.1% month on month in seasonally adjusted terms in April (March: +0.3% mom s.a.), defying... -
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United States: Retail sales growth loses pace in April Latest reading: Retail sales expanded 0.1% month-on-month in seasonally adjusted terms in April (March: +1.7% mom), a month which saw...