Australian Economy

Retail sales growth continues to fade

Leith van Onselen
Tuesday, 5 July 2016
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By Leith van Onselen

The Australian Bureau of Statistics (ABS) has released retail sales figures for the month of May, which registered 0.2% seasonally-adjusted growth in sales over the month with annual sales slowing to 3.4%:

ScreenHunter_13855 Jul. 05 11.34

In trend terms, annual retail sales fell to 3.3% amid a clear downward trend.

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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.