Retail sales in Australia dropped 1.5 percent month-over-month in September 2020, after a 4 percent fall in the previous month. It was the second consecutive decline in retail sales, with the most populous state of New South Wales leading the falls, a preliminary reading showed. Every state and territory, except the Northern Territory, fell this month. Victoria recorded a minor decline in September following a drop of 12.6 percent in August when the Stage-4 restrictions in Melbourne, and Stage-3 restrictions in regional Victoria were introduced. There were decreases in food retailing, household goods retailing, and other retailing. 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 October 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.