Retail sales growth continues to fade

Thursday 4 August 2016

The Australian Bureau of Statistics (ABS) has released retail sales figures for the month of June, which registered 0.1% seasonally-adjusted growth in sales over the month with annual sales clocking in at just 2.8%:

In trend terms, annual retail sales also clocked in at 3.1% and is falling.

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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.