Australia Retail February 2020

Australia

Australia: Retail sales swing to contraction amid renewed Covid-19 restrictions in February

March 19, 2021

Nominal retail sales in January decreased 1.1% over the previous month in seasonally-adjusted terms, swinging from January’s 0.3% uptick, according to preliminary figures.

A considerable fall in food retailing led February’s drop. The reintroduction of Covid-19 associated restrictions in Victoria and parts of Western Australia weighed on households’ retail spending.

FocusEconomics Consensus Forecast panelists are still assessing the latest developments.


Author: Massimo Bassetti, Senior Economist

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