Retail Sales in Australia
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 |
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 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
-
Australia: Retail sales contract in October
December 2, 2022
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.
-
Australia: Unemployment rate falls in October
November 17, 2022
Seasonally-adjusted employment increased by 32,200 in October, following 3,800 jobs shed in September.
-
Australia: Consumer sentiment drops in November
November 9, 2022
The Westpac-Melbourne Institute consumer sentiment index decreased to 80.0 in November from 83.7 in October.
-
Australia: Business confidence tanks in October
November 9, 2022
The business confidence index produced by National Australia Bank (NAB) dropped to 0.2 in October from 4.5 in September.
-
Australia: Retail sales growth stable in September
November 4, 2022
Retail sales expanded 0.6% in month-on-month seasonally-adjusted terms in September, matching August’s increase. Looking at the details of the release, food retailing and clothing and footwear sales expanded, as did cafes, restaurants and takeaway food services sales.
© Copyright: 2022. | Australia Retail Sales | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
