Latest reading: Retail sales expanded 1.5% in month-on-month seasonally adjusted terms in June, which contrasted May’s 0.4% decrease. June’s figure...
Retail Sales in Australia
The Australian economy recorded an average growth rate of 4.6% in retail sales over the decade to 2024, same level as 's average of %. In 2024, Australia's retail sales growth was 2.8%.
Australia Retail Chart
Note: This chart displays Retail Sales (ann. var. %) for Australia from 2024 to 2019.
Source: Macrobond.
Australia Retail Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Retail Sales (ann. var. %) | 6.7 | 5.3 | 11.3 | 3.1 | 2.8 |
Retail sales expand at quickest pace since November 2021 in June
Latest reading: Retail sales grew 1.2% in month-on-month seasonally adjusted terms in June, which was above May's 0.5% increase. The result was triple market expectations and marked the best reading since November 2021. June's improvement was driven by stronger readings for household goods and food retailing sales. Meanwhile, annual average retail sales growth rose to 3.3% in June (May: +3.1%). This signals an improving trend in the retail trade sector.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Australian retail projections for the next ten years from a panel of 1 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable retail forecast available for Australian retail.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Australian retail projections.
Want to get access to the full dataset of Australian retail forecasts? Send an email to info@focus-economics.com.
Latest Global Retail News
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Hong Kong: Retail sales deteriorate in June Latest reading: Retail sales slid 0.3% year on year in June (May: +1.9% yoy). Fuel, supermarkets, clothing and food sales... -
Australia: Retail sales expand at quickest pace since November 2021 in June Latest reading: Retail sales grew 1.2% in month-on-month seasonally adjusted terms in June, which was above May’s 0.5% increase. The... -
Spain: Retail sales growth speeds up in June Latest reading: Retail sales increased 1.2% month-on-month in seasonally adjusted terms in June (May: +0.3% mom s.a.). Looking at the... -
United Kingdom: Retail sales rebound in June Latest reading: Retail sales rose 0.9% in month-on-month seasonally adjusted terms in June, which contrasted May’s 2.8% decrease but undershot... -
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United States: Retail sales rebound in June Latest reading: Retail sales grew 0.6% month on month in seasonally adjusted terms in June (May: -0.9% mom s.a.), easily...