Retail trade in Australia rose by 0.2 percent month-over-month in September of 2018, following a 0.3 percent rise in the previous month and missing market consensus of 0.3 percent. Food retailing led the rises (0.4 percent vs -0.1 percent in August), followed by cafés, restaurants and takeaways (0.5 percent vs 0.7 percent). On the other hand, sales of clothing, footwear and personal accessories fell (-1.2 percent vs 0.6 percent) while trade was relatively unchanged for other retailing (vs 0.4 percent in August), household goods (vs 0.2 percent in August) and department stores (vs 0.8 percent in August). For the September quarter 2018, there was a 0.2 percent rise, compared with an increase of 1 percent in the previous period. Retail Sales MoM in Australia averaged 0.47 percent from 1982 until 2018, reaching an all time high of 8.10 percent in June of 2000 and a record low of -10.60 percent in July of 2000.
Retail Sales MoM in Australia is expected to be 0.27 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 0.29 in 12 months time. In the long-term, the Australia Retail Sales MoM is projected to trend around 0.29 percent in 2020, according to our econometric models.