Retail sales to add to Q2 GDP growth

Friday 4 August 2017

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

As noted earlier, monthly sales values registered a 0.3% rise in June in seasonally adjusted terms and 3.8% growth over the year, with trend growth also firming:

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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.