Retail sales in Australia declined by 2.7 percent month-over-month in July 2021, unrevised from a flash figure and after a final 1.8 percent drop in June. This was the largest drop in retail trade so far this year, dragged down by lockdowns and stay-at-home orders, with many non-essential retail businesses closing their physical stores. By industry, the largest falls were in cafes, restaurants, and takeaway food (-12.3 percent vs -6 percent in June), clothing (-15.4 percent vs -9.5 percent), and department stores (-11.4 percent vs -7 percent). In contrast, food retailing (2.3 percent vs 1.5 percent ) saw the largest rise as restrictions kept households at home. Other retailing (0.6 percent vs -1.6 percent ) also rose, in part due to additional online sales. Sales fell in New South Wales (-8.9 percent), South Australia (-3.3 percent), and Queensland (-0.9 percent). Meantime, all other states and territories experienced rises with the strongest in Victoria (1.3 percent). source: Australian Bureau of Statistics
Retail Sales MoM in Australia averaged 0.47 percent from 1982 until 2021, reaching an all time high of 16.60 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 September of 2021.
Retail Sales MoM in Australia is expected to be -0.60 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 2022, according to our econometric models.