Retail sales in Australia rose by 0.9 percent month-over-month in November 2019, easily beating market forecasts of 0.4 percent and after an upwardly revised 0.1 percent gain in the previous month. This marked the steepest increase in retail trade since November 2017, lifted by Black Friday sales. Sales advanced for most categories: clothing, footwear and personal accessory retailing (3.1 percent vs -0.4 percent in October), department stores (3.4 percent vs -0.6 percent), household goods retailing (1.2 percent vs 0.1 percent), cafes, restaurants and takeaway food services (0.9 percent vs 0.4 percent), and food retailing (0.5 percent vs 0.2 percent). In contrast, sales of other retailing fell 0.5 percent, after being flat in October. Retail Sales MoM in Australia averaged 0.47 percent from 1982 until 2019, reaching an all time high of 8.10 percent in June of 2000 and a record low of -10.60 percent in July of 2000. source: Australian Bureau of Statistics
Retail Sales MoM in Australia is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales MoM in Australia to stand at 0.40 in 12 months time. In the long-term, the Australia Retail Sales MoM is projected to trend around 0.29 percent in 2020, according to our econometric models.
Australia Retail Sales Unchanged in October
Retail sales in Australia were flat in October 2019, following a 0.2 percent rise in the previous month and missing market expectations of a 0.3 percent gain. Declines in clothing, footwear and personal accessory retailing (-0.8 percent), department stores (-0.8 percent) and household goods (-0.2 percent) were offset by gains in cafes, restaurants and takeaway food services (0.4 percent) and food retailing (0.1 percent). Meantime, other retailing was relatively unchanged.
Published on 2019-12-05
Australia Retail Sales Rise Less than Estimated
Retail sales in Australia advanced 0.2 percent month-over-month in September 2019, slowing from a 0.4 percent gain in August and missing market expectations of a 0.5 percent rise. Sales of food retailing rose at a softer rate (0.1 percent vs 0.3 percent in August), and sales dropped for clothing, footwear and personal retailing accessory (-0.5 percent vs 1.9 percent), and department stores (-0.2 percent vs 1.2 percent). Also, sales of household goods retailing were unchanged, following a 0.4 percent gain in the previous month. Meanwhile, sales of other retailing increased further (0.8 percent vs 0.3 percent), and those of cafes, restaurants and takeaway foods rebounded (0.6 percent vs -0.4 percent). On a quarterly basis, retail sales slipped 0.1 percent in the third quarter, compared to a 0.1 percent growth in the June quarter.
Published on 2019-11-04
Australia Retail Sales Growth at 6-Month High
Retail sales in Australia advanced 0.4 percent month-over-month in August 2019, after being unchanged in the previous month and compared to market expectations of 0.5 percent growth. This was the fastest monthly rise in retail trade since February, following recent interest rate cuts from the RBA and government tax rebates. Sales grew for food retailing (0.4 percent, the same pace as in July), household goods retailing (0.3 percent vs 0.2 percent), clothing, footwear and personal accessory retailing (1.8 percent vs -0.9 percent), department stores (1.1 percent vs -0.2 percent), and other retailing (0.3 percent vs -0.4 percent). The rises were partly offset by a fall in cafes, restaurants and takeaway services (-0.3 percent vs -0.6 percent).
Published on 2019-10-04
Australia Retail Sales Fall Unexpectedly in July
Retail sales in Australia declined by 0.1 percent month-over-month in July 2019, after a 0.4 percent gain in June and missing market forecasts of a 0.2 percent increase. It was the first monthly decrease in retail trade since April, as sales dropped in clothing, footwear and personal accessory retailing (-1 percent from 1.7 percent in June); cafes, restaurants and takeaway food (-0.6 percent from 0.4 percent); and other retailing (-0.4 percent from 0.7 percent). Also, sales in household goods retailing went up 0.1 percent, easing from a 0.3 percent rise in the previous month. On the other hand, sales in food retailing advanced further (0.3 percent from 0.2 percent) and in department stores fell less (-0.2 percent from -0.7 percent).
Published on 2019-09-03
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In Australia, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In Australia, Retail sales are seasonal, volatile and relatively important to the overall economy.
This page provides - Australia Retail Sales MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Retail Sales MoM - actual data, historical chart and calendar of releases - was last updated on January of 2020.