Retail sales power above pre-pandemic trend

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The ABS has released retail trade data for April, which rose 1.1% ($310.3 million) over the month to be up 25.0% from its lockdown-depressed level a year prior:

Retail sales

Strong retail growth

Sales growth was broad-based with all sub-components rising except department stores:

Retail sales by industry

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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.