Sales: Retail Trade: Car Registration: Passenger Cars for Australia
Growth rate same period previous year, Monthly, Seasonally Adjusted
AUSSLRTCR03GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-29.22
Year-over-Year Change
-442.10%
Date Range
1/1/1994 - 6/1/2025
Summary
This economic trend measures the year-over-year growth rate of retail sales in Australia on a seasonally adjusted monthly basis. It provides insights into the momentum and direction of consumer spending, a key driver of economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The growth rate same period previous year for Australian retail sales is a widely-followed indicator that tracks the annual percent change in total retail turnover. It helps economists and policymakers assess the strength and trajectory of consumer demand, a critical component of GDP.
Methodology
The data is collected and calculated by the Australian Bureau of Statistics based on surveys of retail businesses.
Historical Context
This trend is closely monitored by the Reserve Bank of Australia and other economic analysts to inform monetary and fiscal policy decisions.
Key Facts
- Retail sales account for about 30% of Australia's GDP.
- The growth rate reached a low of -5.2% in April 2020 due to COVID-19 lockdowns.
- Positive year-over-year growth has been recorded since November 2020.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year percent change in total retail sales in Australia on a seasonally adjusted monthly basis.
Q: Why is this trend relevant for users or analysts?
A: Retail sales are a key barometer of consumer demand and economic activity, so this growth rate metric is closely watched by economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Australian Bureau of Statistics based on surveys of retail businesses.
Q: How is this trend used in economic policy?
A: The Reserve Bank of Australia and other analysts use this indicator to assess the strength of consumer spending, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly, Seasonally Adjusted (AUSSLRTCR03GYSAM), retrieved from FRED.