Australia Retail October 2021

Australia

Australia: Retail sales growth jumps in October

December 2, 2021

Retail sales climbed 4.9% in month-on-month seasonally-adjusted terms in October, which followed September's 1.3% increase and benefited from easing Covid-19 restrictions.

The headline reading reflected expansions in housing goods retailing; clothing, footwear and personal accessory retailing; department stores; and, cafes, restaurants and takeaway food services. This more than offset a slight contraction in food retailing.

In annual terms, retail sales expanded 4.6% in October, following the 1.9% increase logged in September. Meanwhile, annual average growth in retail sales eased to 6.3% in October from 6.6% in September.

FocusEconomics Consensus Forecast panelists are still assessing the latest developments.


Author: Massimo Bassetti, Senior Economist

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Australia Retail October 2021

Note: Month-on-month seasonally adjusted changes and annual average variation of retail sales index in %.
Source: Australia Bureau of Statistics and FocusEconomics calculations.


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