Retail sales miss

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By Leith van Onselen

The Australian Bureau of Statistics (ABS) has released retail sales figures for the month of May, which registered a (0.3%) seasonally-adjusted growth in sales over the month. Annual sales growth clocked in at a solid 4.7%:

ScreenHunter_8138 Jul. 03 11.40

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

ScreenHunter_8140 Jul. 03 11.42
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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.