Retailers never say no to stronger immigration


The Australian Bureau of Statistics (ABS) released retail sales volumes for the December quarter of 2023, which rose 0.3% over the quarter.

This followed a revised fall of 0.1% in the September quarter and a fall of 1.1% in the June quarter.

Ben Dorber, head of ABS’s retail statistics, explained: “The rise in December retail sales volumes was supported by lower price growth for retail goods. Consumers particularly took advantage of discounting for discretionary items like furniture and electronic goods”.

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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.