Australia Retail December 2020

Australia

Australia: Retail sales slump in December

February 5, 2021

Nominal retail sales in December plunged 4.1% over the previous month in seasonally-adjusted terms, swinging from November’s 7.1% surge.

Particularly pronounced decreases were recorded in household goods retailing, clothing, footwear and personal accessory retailing, department stores and other retailing, while cafes, restaurants and takeaway food services saw a healthy increase.

In annual terms, retail sales grew 10.3% in December, following November’s 12.1% surge. Meanwhile, annual average growth in retail sales rose from 5.8% in November to 6.6% in December, marking the best reading since July 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 December 20 20 0

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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