Retail sales in Australia rose by 1.6 percent month-over-month in October 2020, easily beating market consensus of a 0.3 percent rise and after a 1.1 percent fall a month earlier, a preliminary reading showed. This was the first increase in retail trade since July, boosted by the reopening of retail stores in Victoria at the end of October. Cafes, restaurants and takeaway food services led the rises, while there were also gains in clothing, footwear and personal accessory retailing, other retailing, and department stores. Victoria led the state rises, while there was also a 1.6 percent increase in New South Wales, following falls in August and September. Western Australia saw a minor monthly rise. source: Australian Bureau of Statistics
Retail Sales MoM in Australia averaged 0.48 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 November of 2020.
Retail Sales MoM in Australia is expected to be 0.40 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 0.60 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.