Australia: Online retail sales slowed in September - NAB

Brien McDonald, Senior Economist at NAB, notes that in seasonally adjusted terms, at 0.3%, Australia’s online retail sales slowed in September, while the 12 months to growth rate is also slower.

Key Quotes

“In the 12 months to September, Australians spent an estimated $28.1 billion on online retail.”

“Sales growth slowed (+0.3%) in month-on-month (mom) terms in September, down from August (+0.7%, mom, s.a.).”