Economic Indicators

Retail Trade

Domestic developments in retail trade across industry groups and states.

This page contains publications on both monthly and quarterly retail trade numbers. The monthly notes discuss developments in the value of sales across industry groups and states, while the quarterly notes contain additional information about real (price-adjusted) retail trade, as well as retail prices.

  • 29 Feb 2024 Retail Trade January 2024

    Retail sales rose a seasonally adjusted 1.1% in January, less than the 1.5% consensus expectation. This followed a smaller than initially estimated decline of 2.1% in December. All major industry groups but food retailing saw gains in retail trade in January.

  • 06 Feb 2024 Retail Trade Q4 2023

    Retail sales volumes rose a seasonally adjusted 0.3% in Q4 2023, more than the 0.1% pencilled in by consensus. The rise in retail trade volumes was mainly driven by a 2.3% surge in household goods sales, which saw a 0.6% fall in prices due to promotional activity. Retail sales volumes fell by 0.3% QoQ in per capita terms, the sixth quarterly decline in a row.

  • 30 Jan 2024 Retail Trade December 2023

    Retail sales fell a seasonally adjusted 2.7% in December, significantly more than the 1.7% pencilled in by the market consensus. This was the strongest monthly decline since August 2020. All the major industry groups except for food retailing registered declines in December, more than reversing the November gains driven by Black Friday sales.

  • 09 Jan 2024 Retail Sales November 2023

    Retail sales rose a seasonally adjusted 2.0% in November (exp. 1.2%), following a revised 0.4% fall in October (originally -0.2%).

  • 28 Nov 2023 Retail Trade October 2023

    Retail trade declined a seasonally adjusted 0.2% in October, against market expectations of a 0.1% uptick. This followed three months of increases, including solid gains in July and September. The decline was broad-based, with food retailing the only industry to register a gain. Western Australian retail trade rose by 0.7% MoM and 3.5% YoY, in both cases most of all states.

  • 03 Nov 2023 Retail Trade Q3 2023

    Retail sales volumes rose a seasonally adjusted 0.2% in Q3, which was a surprise to market participants who expected a 0.3% fall. Retail trade volumes continued to fall in per capita terms, while the annual growth rate remained negative (-1.4%). The implicit retail sales deflator rose by 0.7%, somewhat slower than the 1.1% registered in the previous quarter, but still above the series average.

  • 30 Oct 2023 Retail Trade September 2023

    Retail trade rose a seasonally adjusted 0.9% in September, significantly exceeding market expectations for a 0.2% gain and taking the annual rate of growth 0.4ppts up to a still subdued 2.0%. According to the ABS, the surprisingly strong increase in retail trade was due to a warm start to spring over east, the release of a new smartphone model and energy saving rebates in Queensland.

  • 28 Sep 2023 Retail Trade August 2023

    Retail trade rose a seasonally adjusted 0.2% in August, slightly less than the 0.3% pencilled in by the consensus. The annual rate of retail sales growth declined to 1.5% in seasonally adjusted terms and 1.3% in trend terms, which is the slowest trend growth on record.

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