Advertisement
The latest quarterly retail sales data from the Australian Bureau of Statistics (ABS) revealed that real per capita sales increased by 0.4% in Q4 2024, the highest growth rate since Q1 2022.
January’s retail sales data have been released, which rose by 0.3% over the month, in line with economists’ expectations.
Over the year, retail sales rose by 3.8% in nominal terms.
Advertisement
The full text of this article is available to MacroBusiness subscribers
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.