Retail sales in Australia rose by 0.6 percent month-over-month in January 2021, following a 4.1 percent slump in December and missing market consensus of a 2.0 percent increase, a preliminary estimate showed. NSW led the rises, up 1.0 percent, as Greater Sydney saw COVID-19 restrictions eased in January; while Queensland saw a fall of 1.5 percent, with COVID-19 restrictions in Brisbane leading to falls. Across industries, food retailing posted the largest advance, while declines were seen in clothing, footwear and personal accessory retailing, household goods retailing, and department stores. 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 February of 2021.
Retail Sales MoM in Australia is expected to be 0.30 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.