Retail sales growth plummets as income wanes

Tuesday 9 May 2017

The Australian Bureau of Statistics (ABS) has released retail sales figures for the month of March, which registered a 0.1% fall in seasonally-adjusted sales over the month with annual sales clocking in at just 2.1% growth – the weakest annual growth since June 2013:

In trend terms, annual retail sales growth has fallen to 2.5%.

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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.