Australian Economy

Housing bubble lifts retail sales

Leith van Onselen
Friday, 4 March 2016
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By Leith van Onselen

The Australian Bureau of Statistics (ABS) has released retail sales figures for the month of January, which registered 0.3% seasonally-adjusted growth in sales over the month with annual sales clocking in at 4.0%, and fairly stable:

ScreenHunter_11862 Mar. 04 11.39

In trend terms, annual retail sales also clocked in at 4.0%.

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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.