Q3 retail sales come in weak

Friday 2 November 2018

The Australian Bureau of Statistics (ABS) has released retail sales figures for the month of September and the September quarter. Over the month, retail sales grew my just 0.2% in seasonally-adjusted terms, with annual sales growth steady at 3.7%:

In trend terms, annual retail sales growth firmed to 3.5%. The below chart maps out seasonally-adjusted sales growth by segment on a monthly, quarterly and annual basis:

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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.