Australian Economy

Household borrowings maintain steady retail sales growth

Leith van Onselen
Monday, 6 March 2017
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By Leith van Onselen

The Australian Bureau of Statistics (ABS) has released retail sales figures for the month of January, which registered a 0.4% rise in seasonally-adjusted sales over the month with annual sales clocking in at 3.1% growth:

ScreenHunter_17793 Mar. 06 11.37

In trend terms, annual retail sales growth has flatlined at 3.2%.

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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.