AUTHORS

Brien McDonald

Brien McDonald

Senior Analyst, Economics

“Brien’s chief responsibilities are Industry Ratings and analysis that provides industry insights”

Brien is an Economist at NAB and is involved predominantly in the area of industry insight using risk metrics. Brien’s chief responsibilities are Industry Ratings and analysis that provides industry insights.

He is a regular attendee on Sector boards and contributor to Risk appetite statements.

Prior to NAB Economics Brien was involved in the NAB Credit Risk area, in the development and monitoring quantitative credit risk assessment models.

Before life at NAB, Brien was an Associate Lecturer in Economics at LaTrobe University, teaching in areas related to economic development focussing on Asia, and the international business environment.

RECENTLY PUBLISHED ARTICLES

Our NAB Online retail sales index data indicates that sales growth was negative in June 2019, following on from strong growth in May.

The NAB Online Retail Sales Index contracted -3.8% in April on a month-on-month, seasonally adjusted basis.

The NAB Online Retail Sales Index rebounded strongly in March with sales growth of 1.7% month-on-month, after one of its worst growth rates in the series history in February.

It appears that broader weakness in retail is flowing through to online.

Low wage growth, high personal debt levels and a weakening housing market – particularly in Sydney and Melbourne – have made consumers reluctant to spend on non-essentials.

Online sales growth faster over the month, slower for the year.

Online sales growth faster over the month, slower for the year

In seasonally adjusted terms, at 0.3%, online retail sales slowed in September. The 12 months to growth rate is also slower.

Online sales growth slower over the month and year

Online sales growth on par with June, faster over the year

In seasonally adjusted terms, at 1.2%, online retail sales slowed in June. The 12 months to growth rate is also a bit lower.

NAB Online Retail Sales Index (NORSI) slowed slightly in May (+1.2% mom s.a.) from stronger growth in April (1.6%). 12 months to growth was also slower in May, with sales up 17.2% compared to April’s 12 month to growth of 18.4%. While slowing, trend online retail sales is still much stronger compared to the same period a year ago.

NAB Online Retail Sales Index (NORSI) accelerated in April (+1.4% mom s.a.) from stronger growth in March(1.1%).

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