Retail sales fell 13.3% year on year in July (June: -11.2% yoy). Looking at the details of the release, the...
Retail Sales in Australia
Australia's economy recorded an average growth rate of 4.8% in retail sales in the decade to 2022, below the 8.2% average for the Asia-Pacific region. In 2022, retail sales growth was 11.3%.
Australia Retail Chart
Note: This chart displays Retail Sales (ann. var. %) for Australia from 2020 to 2019.
Source: Macrobond.
Australia Retail Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Retail Sales (ann. var. %) | 2.7 | 6.7 | 5.3 | 11.3 | 3.1 |
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 drop again in July -
Spain: Retail sales growth gains momentum in July Retail sales grew 0.5% month-on-month in seasonally adjusted terms in July (June: +0.4% mom). July’s improvement was partly driven by... -
Luxembourg: Decline in retail sales softens in July Retail sales dropped 2.1% month-on-month in seasonally adjusted terms in July (June: -3.1% mom). On an annual basis, retail sales... -
Poland: Retail sales growth remains stable in July Retail sales grew 4.4% compared to the same month of the previous year in July, unchanged from June. The reading... -
United Kingdom: Retail sales bounce back in July Retail sales grew 0.5% in month-on-month seasonally adjusted terms in July, which contrasted June’s 0.9% decrease and was in line... -
United States: Retail sales grow at fastest pace since January 2023 in July Retail sales grew 1.0% month-on-month in seasonally adjusted terms in July (June: -0.2% mom). The result marked the best reading... -
Indonesia: Retail sales growth rises in July Retail sales grew 4.3% compared to the same month of the previous year in July, which was above June’s 2.7%...