Australia Retail December 2020

Australia

Australia: Retail sales contract in December

January 25, 2021

Nominal retail sales in December shrank 4.2% over the previous month in seasonally-adjusted terms, contrasting November’s 7.1% surge.

December’s result came on the back of declines in household goods retailing, clothing, footwear and personal accessory retailing, department stores, food retailing and other retailing.

In annual terms, retail sales jumped 12.1% in November (the latest month for which data is available), following October’s 7.7% expansion. Meanwhile, annual average growth in retail sales rose from 5.0% in October to 5.8% in November, marking the best reading since November 2009.

FocusEconomics Consensus Forecast panelists are still assessing the latest developments.


Author: Massimo Bassetti, Senior Economist

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