Retail Sales in Australia

Australia Retail Sales | Economic News & Forecasts

Australia - Retail Sales

Easing in coronavirus lockdowns prompts a record-sharp surge in retail sales in May

Preliminary data shows nominal retail sales in May skyrocketed at the fastest pace on record amid easing coronavirus lockdowns. They jumped 16.3% over the previous month in seasonally-adjusted terms, sharply contrasting April’s record 17.7% freefall which was caused by widespread shutdowns. Preliminary figures are based on data provided by businesses that make-up approximately 80% of total retail turnover.

May’s surge was broad-based. Particularly pronounced increases were recorded in clothing, footwear and personal accessory retailing and cafes, restaurants and takeaway food services.

In annual terms, retail sales climbed 5.3% in May, contrasting April’s 8.9% plunge which had marked the sharpest decrease on record. Meanwhile, annual average growth in retail sales rose from 2.4% in April to 2.6% in May.

FocusEconomics Consensus Forecast panelists are still assessing the latest developments.

Australia - Retail Sales Data

2015   2016   2017   2018   2019  
Retail Sales (annual variation in %)4.5  3.7  2.4  3.0  2.7  

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Australia Retail Sales Chart

Australia Retail
Note: Annual variation of real retail sales in %.
Source: Australia Bureau of Statistics and FocusEconomics calculations.

Australia Facts

Value Change Date
Bond Yield1.371.47 %Dec 31
Exchange Rate0.700.05 %Dec 31

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