Rebound in Aussie retail sales continues

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The latest quarterly retail sales data from the Australian Bureau of Statistics (ABS) revealed that real per capita sales increased by 0.4% in Q4 2024, the highest growth rate since Q1 2022.

Retail sales per capita

January’s retail sales data have been released, which rose by 0.3% over the month, in line with economists’ expectations.

Over the year, retail sales rose by 3.8% in nominal terms.

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Retail sales

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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.