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.

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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.