Retail sales to add to Q4 GDP

Friday 5 February 2016

Today’s tepid retail sales are likely to make a slight positive contribution to Australia’s December quarter GDP when the national accounts are released early next month.

As noted earlier, monthly sales values registered zero growth in December in seasonally adjusted terms and 4.2% growth over the year:

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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.