ONLY CHARTS
www.antipodeanmacro.com
1. The volume of retail trade in Australia declined 0.4% q/q in the March quarter. The chart speaks for itself.
2. The fall in real retail sales was close to our estimate (but softer than consensus) as the increase in the retail trade deflator of +0.6% q/q was close to our proxy based on CPI data.
3. Per capita retail sales volumes in Australia have unwound a lot of the growth during the pandemic.
4. Growth in the volume of Aussie retail trade has been pretty weak across all categories, including the at-home food category despite strong population growth.
5. Retail trade volumes have been weak in several advanced economies, with the US the obvious standout.
6. The share of Australian retail trade conducted online has continued to gradually trend higher.
7. The weighted-average interest rates on outstanding housing loans in Australia edged higher to 6.08%.
Thanks for the many interesting and insightful charts! Out of interest, how much of this data is publicly available? I'm interested in looking into some of these metrics myself, but it's hard to determine what datasets are available to me to use, and what's only available to professionals.