Retail sales in Australia declined by 0.2% mom to AUD 35.02 billion in October 2022, unrevised from the flash data, reversing from a 0.6% gain in September. This was the first drop in retail trade so far this year, as cost pressures and rising interest rates started to weigh on consumer spending. The fall ended a run of nine straight monthly rises, with sales in department stores down the most (-2.4% vs -0.4% in September). Also, trade fell for clothing (-0.6% vs 2.0%), household retailing (-0.5% vs -0.8%), cafes restaurants, and takeaway food (-0.4% vs 1.3%), and other retailing (-0.2% vs 0.2%). Food retailing went up further (0.4% vs 1.0%), however, boosted by flood-related spending and high food prices. Among states, sales fell in the Northern Territory (-1.8%), Tasmania (-1.7%), the Australian Capital Territory (-1.4%), Queensland (-0.4%), New South Wales (-0.1%) and Victoria (-0.1%). Queensland and New South Wales had small falls but saw the largest drops in dollar terms. source: Australian Bureau of Statistics

Retail Sales MoM in Australia averaged 0.49 percent from 1982 until 2022, reaching an all time high of 16.30 percent in May of 2020 and a record low of -17.40 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 December of 2022.

Retail Sales MoM in Australia is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Retail Sales MoM is projected to trend around 0.40 percent in 2023, according to our econometric models.

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Australia Retail Sales MoM



Calendar GMT Actual Previous Consensus TEForecast
2022-11-28 12:30 AM Retail Sales MoM Prel Oct -0.2% 0.6% 0.5% 0.3%
2022-12-02 12:30 AM Retail Sales MoM Final Oct -0.2% 0.6%


Related Last Previous Unit Reference
Retail Sales MoM -0.20 0.60 percent Oct 2022
Retail Sales YoY 17.90 19.20 percent Sep 2022
Consumer Spending 287574.00 281512.00 AUD Million Jun 2022
Disposable Personal Income 366710.00 361506.00 AUD Million Jun 2022
Personal Savings 8.70 11.40 percent Jun 2022

Australia Retail Sales MoM
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.
Actual Previous Highest Lowest Dates Unit Frequency
-0.20 0.60 16.30 -17.40 1982 - 2022 percent Monthly
SA

News Stream
Australia Retail Sales Fall for 1st Time in 2022
Retail sales in Australia declined by 0.2% mom to AUD 35.02 billion in October 2022, unrevised from the flash data, reversing from a 0.6% gain in September. This was the first drop in retail trade so far this year, as cost pressures and rising interest rates started to weigh on consumer spending. The fall ended a run of nine straight monthly rises, with sales in department stores down the most (-2.4% vs -0.4% in September). Also, trade fell for clothing (-0.6% vs 2.0%), household retailing (-0.5% vs -0.8%), cafes restaurants, and takeaway food (-0.4% vs 1.3%), and other retailing (-0.2% vs 0.2%). Food retailing went up further (0.4% vs 1.0%), however, boosted by flood-related spending and high food prices. Among states, sales fell in the Northern Territory (-1.8%), Tasmania (-1.7%), the Australian Capital Territory (-1.4%), Queensland (-0.4%), New South Wales (-0.1%) and Victoria (-0.1%). Queensland and New South Wales had small falls but saw the largest drops in dollar terms.
2022-12-02
Australia Retail Sales Unexpectedly Fall
Retail sales in Australia unexpectedly declined by 0.2% mom to AUD 35.02 billion in October 2022, missing market forecasts of a 0.5% rise and reversing from a 0.6% gain a month earlier, flash data showed. This was the first drop in retail trade since December 2021, amid cost of living pressures and rising interest rates. Department stores had the largest fall (-2.4%), followed by clothing, footwear (-0.6%), household retailing (-0.5%), cafes restaurants, and takeaway food (-0.4%), and other retailing (-0.2%). Food retailing went up 0.4% however, boosted by flood-related spending and high food prices. Among states, sales fell in the Northern Territory (-1.8%), Tasmania (-1.7%), the Australian Capital Territory (-1.4%), Queensland (-0.4%), New South Wales (-0.1%) and Victoria (-0.1%). Queensland and New South Wales had small percentage falls but posted recorded the largest falls in dollar terms. Sales in both South Australia and Western Australia were relatively unchanged.
2022-11-28
Australia Retail Sales Grow for 9th Month
Retail sales in Australia rose by 0.6% month-over-month to AUD 35.10 billion in September 2022, unrevised from the flash print and after a 0.6% gain in the prior month. This was the ninth straight month of growth in retail trade, as sales continued to rise in cafes, restaurants, and takeaway food (1.3% vs 1.3% in August), as did for food retailing (1% vs 1.1%), while there was a rebound in sales of both household goods retailing (-0.8% vs 2.6%) and other retailing (0.2% vs -2.5%). Conversely, sales in department stores fell (-0.4 vs 2.8%). Among states and territories, Australian Capital Territory went up the most (1.6%), followed by Western Australia (1.4%), Queensland (1.1%), the Northern Territory (1.1%), Tasmania (0.9%), Victoria (0.4%) and New South Wales (0.3%). Meanwhile, sales in South Australia fell 0.2%, the first fall in six months. During Q3, retail sales volumes rose 0.2%, the fourth straight rise but the softest pace since the COVID lockdowns ended in October 2021.
2022-11-04