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Australia Retail Sales QoQ

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Australia Retail Sales QoQ

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Delivery Method

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Status

 
Latest Release
Oct 31, 2024
Actual
0.5%
Previous
-0.4%
Retail sales data represents total consumer purchase from retail stores. It provides valuable information about consumer spending which makes up the consumption part of GDP. The most volatile components like autos, gas prices and food prices are often removed from the report to show more underlying demand patterns as changes in sales in these categories are frequently a result of price changes. It is not adjusted for inflation. Spending on services is not included. Rising retail sales indicate stronger economic growth. However, if the increase is larger than forecast, it may be inflationary.Estimates of turnover are based on a survey of about 7000 retail and selected service businesses (covering 20000 outlets). All large businesses are included in the survey, while a sample of about 4400 smaller businesses is selected. The large business contribution of approximately 54% of the total estimate ensures a highly reliable Australian total turnover estimate.
Importance:
Country:
Currency: AUD
Source: Australian Statistician
Australia Retail Sales QoQ
 
Release Date Time Actual Forecast Previous
Dec 02, 2024 (Q4) 11:30     0.5%
Oct 31, 2024 (Q3) 11:30 0.5%   -0.4%
Jul 31, 2024 (Q2) 12:30 -0.3%   -0.4%
May 07, 2024 (Q1) 12:30 -0.4%   0.4%
Feb 06, 2024 (Q4) 11:30 0.3%   -0.1%
Nov 03, 2023 (Q3) 11:30 0.2%   -0.6%

News

Analysis

David Llewellyn-Smith
Australian dollar bullied by Fed By David Llewellyn-Smith - Nov 04, 2021 1

DXY was soft and EUR firm as the Fed delivered taper:   The Australian dollar was bullied up and down:Oil was hammered as US output and stocks keep rising:Base metals sagged:Big miners were mixed...

Kathy Lien
Aussie: Here’s What You Can Expect From RBA By Kathy Lien - Nov 05, 2019

Kathy Lien, Managing Director Of FX Strategy For BK Asset ManagementDaily FX Market Roundup November 4, 2019The Australian dollar is in focus this week with a number of market-moving economic reports...

Retail Sales (QoQ) Discussion

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