Australia Retail October 2020

Australia

Australia: Retail sales rebound in October

December 4, 2020

Nominal retail sales in October expanded 1.4% over the previous month in seasonally-adjusted terms, contrasting September’s 1.1% drop.

Particularly pronounced increases were recorded in cafes, restaurants and takeaway food services, as well as in food clothing, footwear and personal accessory retailing. On the other hand, household goods and food retailing contracted.

In annual terms, retail sales jumped 7.7% in October, following September’s 6.6% expansion. Meanwhile, annual average growth in retail sales rose from 4.6% in September to 5.0% in October.

FocusEconomics Consensus Forecast panelists are still assessing the latest developments.


Author: Massimo Bassetti, Senior Economist

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Australia Retail Chart


Australia Retail October 20 20

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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