Retail sales fell in July

Thursday 3 September 2015

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%:

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

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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.