Retail Sales in Australia increased 2.70 percent in May of 2019 over the same month in the previous year. Retail Sales YoY in Australia averaged 5.74 percent from 1983 until 2019, reaching an all time high of 12.70 percent in October of 1985 and a record low of 1.90 percent in October of 2017.
Retail Sales YoY in Australia is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Australia to stand at 3.00 in 12 months time. In the long-term, the Australia Retail Sales YoY is projected to trend around 2.80 percent in 2020, according to our econometric models.