Australia: Retail sales growth accelerates in July
September 6, 2022
Retail sales expanded 1.3% in month-on-month seasonally-adjusted terms in July, up from June’s 0.2% increase.
Looking at the details of the release, food retailing, department store sales and clothing and footwear sales expanded, as did cafes, restaurants and takeaway food services sales. On the other hand, household goods retailing fell in July.
Retail sales increased 15.8% in annual terms in July, which was an improvement from June's 12.2% rise.