Australia Retail January 2020

Australia

Australia: Retail sales rebound in January

February 19, 2021

Nominal retail sales in January increased 0.6% over the previous month in seasonally-adjusted terms, swinging from December’s 4.1% slump, according to preliminary figures.

A healthy increases in food retailing led the rises, while declines were recorded in clothing, footwear and personal accessory retailing, household goods retailing, and department stores—which were negatively affected by a three day lockdown in Brisbane.

FocusEconomics Consensus Forecast panelists are still assessing the latest developments.


Author: Massimo Bassetti, Senior Economist

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