Retail sales dive in January

Friday, 6 March 2020

Australian retail sales plunged further in January, diving another 0.3% in seasonally adjusted terms, which follows December’s 0.7% fall:

In the year to January, retail sales growth slowed to only 2.0% in seasonally adjusted terms and to 2.3% in trend terms.

According to the ABS:

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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.