Australian Economy

Retail sales fell in July

Leith van Onselen
Thursday, 3 September 2015
Advertisement

By Leith van Onselen

The Australian Bureau of Statistics (ABS) has released retail sales figures for the month of July, which registered a 0.1% seasonally-adjusted fall in sales over the month. However, annual sales growth clocked in at a solid (but slowing) 4.1%:

ScreenHunter_9185 Sep. 03 11.34

Consensus was for a 0.4% monthly rise, so sales easily missed expectations.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
Twitter Share
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.