Omicron hammers Christmas retail sales

Tuesday 1 February 2022

Australian retail sales disappointed expectations in December, falling 4.4% over the month versus an expected rise of 3.9%:

Retail sales fell across the board, with the exception of food retailing:

Sales also fell across every jurisdiction other than the NT:

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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.