Retail sales in Australia dropped by 0.5 percent month-over-month in December 2019, following an upwardly revised 1 percent gain in the previous month and compared to market estimates of a 0.2 percent fall. It was the largest decline in retail trade since August 2017, reflecting some effects from bushfires and associated smoke haze. Sales dropped in department stores (-2.8 percent vs 3.7 percent in November); cafes, restaurants and takeaway food services (-0.9 percent vs 0.9 percent); clothing, footwear and personal accessory retailing (-1.5 percent vs 3.2 percent); food retailing (-0.3 percent vs 0.7 percent); and household goods retailing (-0.3 percent vs 1.3 percent). Meanwhile, sales of other retailing rebounded (0.2 percent vs -0.4 percent).
Retail Sales MoM in Australia averaged 0.47 percent from 1982 until 2019, reaching an all time high of 8.10 percent in June of 2000 and a record low of -10.60 percent in July of 2000. This page provides - Australia Retail Sales MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Australian Bureau of Statistics
Retail Sales MoM in Australia is expected to be 0.10 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 0.40 in 12 months time. In the long-term, the Australia Retail Sales MoM is projected to trend around 0.40 percent in 2021 and 0.29 percent in 2022, according to our econometric models.