Australian consumer dies with retail sales

Friday, 26 May 2023

The Australian Bureau of Statistics (ABS) has released retail sales data for April, which came in flat (0.0%) over the month to be 4.2% higher year on year:

Sales were dragged down by the two largest states, which both registered declines:

Ben Dorber, ABS head of retail statistics, said the slowdown in retail spending seen since the start of the year has continued in April.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.