Retail sales in Australia declined by 1.8 percent month-over-month in July 2021, compared with market expectations of a 0.4 percent fall and after a final 0.4 percent gain a month earlier, preliminary data showed. This was the first drop in retail trade since February, due to the impact of coronavirus restrictions across multiple states, including Victoria and New South Wales. Cafes, restaurants, and takeaway food services, and clothing, footwear, and personal accessory retailing saw the largest falls. In contrast, sales grew for food retailing (1.5%). Victoria (-3.5 percent) led the state falls, with the impact of the state’s fourth lockdown more pronounced in June than May (-0.9 percent). New South Wales (-2.0 percent) and Queensland (-1.5 percent) also fell due to stay-at-home restrictions and reduced interstate mobility. On a quarterly basis, the preliminary estimate showed retail trade rose by 1.3 percent in Q2, after a 0.1 percent drop in Q1. 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 July of 2021.
Retail Sales MoM in Australia is expected to be 0.60 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 0.20 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.