Retail sales dive in December

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By Leith van Onselen

The Australian Bureau of Statistics (ABS) has released retail sales figures for the month of December, which recorded a 0.4% fall in retail sales over the month in seasonally-adjusted terms, with annual sales growth falling to 2.8%:

In trend terms, annual retail sales growth fell to 3.2%.

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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.