Retail sales in Australia rose by 0.9% mom to another record level of AUD 33.9 billion in April 2022, unrevised from the flash figure and after a final 1.6% gain in March. This was also the fourth straight month of growth in retail trade, as the economy recovered further from COVID-19 hit. Food retailing led the rise (1.9% vs 0.5% in March), amid increased household spending over the April holiday period. Sales were also higher in cafes, restaurants and takeaway food (3.3% vs 2%), along with clothing, footwear and personal accessory (3.1% vs 0.5%) and other retailing (0.5% vs 2%). In contrast, household goods retailing fell for first time in four months (-2.7% vs 3.4%), as did in department stores (-2.5% vs 4.1%). Among states and territory, sales went up in Queensland (1.6%), Victoria (1.1%), Western Australia (2.2%), South Australia (1.4%), Tasmania (2%), and the Australian Capital Territory (0.5%). By contrast, sales in New South Wales fell 0.3% after March’s strong result. 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 June of 2022.
Retail Sales MoM in Australia is expected to be 0.20 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.