Retail sales rebound on IPhone 6

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By Leith van Onselen

The Australian Bureau of Statistics (ABS) has just released retail sales figures for the month of September, which registered a 1.2% seasonally-adjusted rise in sales over the month, beating economist’s expectations of a 0.3% rise. Annual sales growth clocked in at a solid 5.7%:

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The below chart maps out seasonally-adjusted sales growth by state on a monthly, quarterly and annual basis:

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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.