Retail sales in Australia rose by 1.3 percent month-over-month in March 2021, compared with the preliminary figure of a 1.4 percent gain and after a final 0.8 percent drop a month earlier, amid an improvement in consumer confidence and a reopening of state borders. By industry, cafes, restaurant and takeaway foods services (4.8% vs 1.1% in February), department stores (8.5% vs 2.2%), and clothing, footwear and personal accessory retailing (5.4% vs 1.6%) led the rises, driven by growth in Victoria and Western Australia especially. A fall in food retailing (-0.9% vs -3%) partially offset these rises, with falls in both supermarkets and liquor retailing. For the first three months of the year, retail trade fell 0.5 percent, following a 2.4 percent growth in the prior period. source: Australian Bureau of Statistics
Retail Sales MoM in Australia averaged 0.48 percent from 1982 until 2021, 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 May of 2021.
Retail Sales MoM in Australia is expected to be 0.80 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 0.50 in 12 months time. In the long-term, the Australia Retail Sales MoM is projected to trend around 0.40 percent in 2022, according to our econometric models.