Indicators
Australia December Retail Sales Fall by Less Than Expected
- Inflation-adjusted volumes rose 1% for second quarterly gain
- Annual sales surged 4.6% versus a tepid 1% in December 2023
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Australian retail sales fell by much less than expected in December, while snapping four straight months of gains that have underlined households’ continued resilience to high borrowing costs.
Sales slid 0.1% from the prior month, compared with a forecast 0.7% decline, figures from the Australian Bureau of Statistics showed on Monday. The outcome follows a revised 0.7% increase in November, a month boosted by Black Friday.