More on the retail sales GDP smash

Tuesday, 7 May 2019

Today’s retail sales figures should subtract from Australia’s March quarter GDP when the national accounts are released early next month.

As noted earlier, seasonally adjusted monthly sales rose by 0.3% in the month of March to be up just 3.5% over the year:

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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.