Falling retail volumes to subtract from Q3 GDP

Monday, 7 November 2016

Friday’s retail sales figures will drag on Australia’s September quarter GDP when the national accounts are released early next month.

As noted on Friday, monthly sales values registered 0.6% growth in September in seasonally adjusted terms and 3.3% growth over the year, although a downward trend is evident:

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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.