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. 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 August of 2022.
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. In the long-term, the Australia Retail Sales MoM is projected to trend around 0.40 percent in 2023, according to our econometric models.