Here's your 10-second guide to today's Australian retail sales report


Australian retail sales figures for April will be released later on this morning.

Here’s the state of play.

  • Market expect total retail sales to increase 0.4%.
  • In March sales grew by 0.3%, leaving the annual rate slightly at 4.5%.
  • While the annual growth rate is slower than that seen throughout much of 2014, in dollar terms, turnover rose to $24.12 billion in March, a record high.
  • Sales have increased for 10 consecutive months. Another increase in April will mark the longest stretch of gains since March 2007 (17).
  • In the year to March, household goods retailing recorded the fastest percentage growth of any category at 8.0%. “Other” retailing, while higher, recorded the slowest growth at 2.2%.
  • From a state and territory perspective, South Australia recorded the fastest annual pace of sales in March, 6.2%, while the Northern Territory was the only region to record a decline at -0.3%.
  • In March, New South Wales made up the largest proportion of total sales at 31.73%, the Northern Territory the lowest at 1.06%.

Business Insider will have full coverage of the report once it hits the screens at 11.30am AEST.

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