Retail sales growth slowest in two years

Wednesday 4 November 2015

The Australian Bureau of Statistics (ABS) has released retail sales figures for the month of September, which registered a 0.4% seasonally-adjusted rise in sales over the month with annual sales clocking in at 3.7%, and decelerating quickly:

In trend terms, it was the slowest rate of annual retail sales growth since September 2013.

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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.