After November’s Black Friday driven lift in retail sales, the inevitable slowdown occurred in December, with retail sales falling by 0.5%:
However, in trend terms, annual retail sales growth rose to 2.8%.
According to the ABS:
Advertisement
Advertisement
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.
Advertisement