Retail industry confidence tanks on rapid interest rate rises

Leith van Onselen

Wednesday, 3 August 2022

The latest ABS retail sales data showed that sales growth has fallen every month since February:

Australian retail sales.

Specifically, below are the monthly retail growth rates this 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.