Australian Economy

Retail sales miss

Leith van Onselen
Advertisement

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:

Advertisement
ScreenHunter_8140 Jul. 03 11.42

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.
Advertisement