Australia Retail Sales MoMJuly 2022 Data - 1982-2021 Historical - August Forecast

Retail sales in Australia rose by 0.2% mom to a fresh record level of AUD 34.24 billion in June 2022, unrevised from the flash data and after a final 0.7% growth in May. The latest print was the softest rise in retail trade since a fall in December 2021, as cost-of-living pressures appear to be slowing the growth in spending. Cafes and restaurants had the largest rise (2.7% vs 1.8% in May), followed by clothing (1.3% vs -1.4%), and other retailing (0.5% vs 1.5%). By contrast, sales in department stores fell (-3.7% vs 5.1%), as did food retailing (-0.3% vs 0.1%) and household goods retailing (-0.3% vs 0.3%). Across states, sales grew in the Northern Territory (1.8%), Queensland (0.7%), the Australian Capital Territory (0.6%), Western Australia (0.5%), and Tasmania (0.5%), while fell in New South Wales (-0.2%), and near unchanged in South Australia and Victoria. In Q2, retail sales grew 1.4%, the third straight quarterly rise and reaching a new peak of AUD 94.28 billion.

Retail sales in Australia rose by 0.2% mom to another record level of AUD 34.24 billion in June 2022, after a downwardly revised 0.7% growth in May and compared to market estimates of a 0.5%, a flash reading showed. The latest figure was the softest rise in retail trade since a fall in December 2021, amid mixed results across the six industries as cost-of-living pressures appear to be slowing the growth in spending. Cafes, restaurants, and takeaway food services had the largest rise (2.7%), followed by clothing and personal accessory retailing (1.3%), and other retailing (0.5%). By contrast, department stores saw the largest fall (-3.7%), followed by food retailing (-0.3%) and household goods retailing (-0.3%). Across state, sales grew in the Northern Territory (1.8%), Queensland (0.7%), the Australian Capital Territory (0.6%), Western Australian (0.5%) and Tasmania (0.5%), while fell in New South Wales (-0.2%), and relatively unchanged in South Australia and Victoria.

Retail sales in Australia rose by 0.9% month-over-month to another record level of AUD 34.23 billion in May 2022, unrevised from the flash figure and after a final 0.9% gain in April. This was also the fifth straight month of growth, as the economy recovered further from COVID-19 disruptions. Department stores had the largest rise (5.1% vs -2.5% in April), followed by cafes, restaurants, and takeaway food services (1.8% vs 3.3%), other retailing (1.5% vs 0.5%), food retailing (0.6% vs 1.9%), and household goods (0.4% vs -2.7%). In contrast, clothing, footwear, and personal accessory retailing was the only industry saw a fall (-1.4% vs 3.1%). Of the states and territories, sales grew in New South Wales (1.6% vs -0.3% in April), South Australia (1.9%), Victoria (1.3% vs 1.1%), Western Australia (0.2% vs 2.2%), Tasmania (1.1% vs 2.0%) and the Northern Territory (0.6% vs 0.7%). In contrast, sales fell in Queensland (-0.4% vs 1.6%), and the Australian Capital Territory (-0.3% vs 0.5%).