Retail sales in Australia were unchanged at AUD 35.3 billion in April 2023, unrevised from the flash reading and after a 0.4% rise in March. The latest result highlighted that retail turnover had plateaued over the last six months, according to Ben Dorber, ABS head of retail statistics. In April, an increase in spending on winter clothing in response to cooler and wetter weather offset less expenditure on discretionary goods in response to cost-of-living pressures and rising interest rates. Sales of other retailing were flat after falling 0.1% previously, while turnover fell for food retailing (-0.1% vs 0.9%), and in cafes, restaurants and takeaway food (-0.2% vs 1.5%). Meantime, sales grew for clothing, footwear (1.9% vs -0.7%), and department stores (1.5% vs -0.3%). There were mixed results across the states and territories with four falls and three rises, while the Northern Territory remained unchanged. source: Australian Bureau of Statistics
Retail Sales MoM in Australia averaged 0.49 percent from 1982 until 2023, reaching an all time high of 16.00 percent in May of 2020 and a record low of -17.20 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 2023.
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. In the long-term, the Australia Retail Sales MoM is projected to trend around 0.50 percent in 2024 and 0.30 percent in 2025, according to our econometric models.