Australian Economy

Retail sales are slowing

Leith van Onselen
Monday 4 April 2016
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By Leith van Onselen

The Australian Bureau of Statistics (ABS) has released retail sales figures for the month of January, which registered zero seasonally-adjusted growth in sales over the month with annual sales slowing to 3.3% – the slowest pace since September 2013:

ScreenHunter_12479 Apr. 04 12.03

In trend terms, annual retail sales growth slowed to 3.7% – also the slowest pace since September 2013.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.