Retail volumes to support Q4 GDP

Monday 6 February 2017

Today’s retail sales figures should support Australia’s December quarter GDP when the national accounts are released early next month.

As noted earlier, monthly sales values registered a 0.1% fall in December in seasonally adjusted terms and only 3.0% growth over the year, with trend growth remaining soft:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.