Retail sales continue their upward march

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The ABS has released preliminary retail trade data for April, which rose 1.1% ($350.2 million) over the month to be up 25.1% from its lockdown-depressed level a year prior:

Monthly retail sales

Another month of retail sales growth.

Retail sales continue on a higher trajectory than existed pre-COVID:

Retail sales

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.