Australia Retail

Australia

Australia: Retail sales report stronger-than-expected growth in January

March 5, 2013

In January, retail sales jumped 0.9% over December, which contrasted the 0.4% drop recorded in the previous month and exceeded market expectations of a 0.5% rise.

As a result of the stronger-than-expected reading, nominal retail sales accelerated from the 0.7% year-on-year increase recorded in December to a 4.2% rise in January, which marked the highest retail in five months. Meanwhile, annual average growth in retail sales inched up from 3.2% in December to 3.4% in January.

FocusEconomics Consensus Forecast panellists see private consumption growing 2.5% in 2013, which is unchanged from last month's forecast. Panellists see private consumption expanding 3.0% in 2014.


Author:, Head of Data Solutions

Sample Report

Looking for forecasts related to Retail in Australia? Download a sample report now.

Download

Australia Retail Chart


Australia Retail January 2013

Note: Month-on-month seasonally adjusted and annual variation of retail sales index in %.
Source: Australia Bureau of Statistics and FocusEconomics calculations.


Australia Economic News

More news

Search form