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
Australia Retail Data
|Retail Sales (ann. var. %)||3.0||2.7||6.7||5.3||11.3|
Retail sales growth improves in September
Retail sales rose 0.9% in month-on-month seasonally-adjusted terms in September, which was above August's 0.3% increase. September's print marked the best reading since January. The figure was largely driven by a notable rebound in household goods sales. In contrast, clothing and footwear sales decelerated. Lastly, department stores sales accelerated, while cafes, restaurants and takeaway food services sales lost traction.
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.
To Download one of our sample reports to visualize what a Consensus Forecast is and see our Australian retail projections.
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