Retail sales flat in July

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By Leith van Onselen

The Australian Bureau of Statistics (ABS) has released retail sales figures for the month of July, which registered flat seasonally-adjusted growth in retail sales over the month with annual sales clocking in at 3.6% growth:

In trend terms, annual retail sales growth were flat at 3.5%.

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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.