Housing bubble lifts retail sales

Friday 4 March 2016

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:

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.