Retail sales in Australia rose by 3.2 percent month-over-month in July 2020, compared with a preliminary figure of a 3.3 percent gain and after a 2.7 percent rise in a month earlier. This was the third straight month of growth in retail trade, as the economy continued to recover from the impact of the COVID-19 crisis. Household goods (4 percent vs -3.2 percent in June) led the monthly rises, as consumers continued to purchase large items for homes. Also, there were rises in other retailing (4.4 percent vs 0.3 percent), food (1.2 percent vs 0.9 percent), clothing, footwear and personal accessory retailing (7.1 percent vs 20.5 percent), department stores (4 percent vs -12.1 percent), and cafes, restaurants, and takeaway food services (4.9 percent vs 27.9 percent).
Retail Sales MoM in Australia averaged 0.49 percent from 1982 until 2020, reaching an all time high of 16.90 percent in May of 2020 and a record low of -17.70 percent in April of 2020. This page provides - Australia Retail Sales MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Retail Sales MoM - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Australian Bureau of Statistics
Retail Sales MoM in Australia is expected to be 0.20 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 0.80 in 12 months time. In the long-term, the Australia Retail Sales MoM is projected to trend around 0.50 percent in 2021 and 0.40 percent in 2022, according to our econometric models.