More weak Australian GDP data

Wednesday 7 February 2018

Yesterday’s retail sales figures should detract from Australia’s September quarter GDP when the national accounts are released early next month.

As noted yesterday, monthly sales values fell by 0.5% in seasonally adjusted terms and registered 2.5% growth over the year, whereas annual trend growth was just 2.0%:

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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.