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:

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.