Australian Economy

Aussie retail sales well above pre-pandemic trend

Leith van Onselen
Monday, 5 July 2021
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The ABS has released retail sales data for May, which rose by 0.4% over the month (versus 1.3% in April). Over the year, retail sales were up 7.7%:

Australian retail sales

Third consecutive monthly rise.

Food and cafe spending continues to dominate:

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.