Australia Retail January 2021

Australia

Australia: Retail sales rebound in January

March 4, 2021

Nominal retail sales in January bounced back and expanded 0.5% over the previous month in seasonally-adjusted terms, swinging from December’s 4.1% slump.

A healthy increase in food retailing led the rise, 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.

In annual terms, retail sales grew 10.3% in January, matching December’s print. Meanwhile, annual average growth in retail sales rose from 6.6% in December to 7.3% in December, marking the best reading since April 2008.

FocusEconomics Consensus Forecast panelists are still assessing the latest developments.


Author: Massimo Bassetti, Senior Economist

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Australia Retail Chart


Australia Retail January 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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