Australia Retail March 2020

Australia

Australia: Retail sales rebounds robustly in March

April 21, 2021

Nominal retail sales in March increased 1.4% over the previous month in seasonally-adjusted terms, swinging from February’s 0.8% drop and beating market expectations of a 1.0% rise, according to preliminary figures. The removal of Covid-19 associated restrictions in Victoria and parts of Western Australia supported households’ retail spending.

Healthy increases in cafes, restaurants and takeaway food services as well as in clothing, footwear and personal accessory retailing led the rise, while a decline was recorded in food retailing.

FocusEconomics Consensus Forecast panelists are still assessing the latest developments.


Author: Massimo Bassetti, Senior Economist

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