Retail sales rise again

Advertisement

The ABS has released retail sales data for July, which recorded a 3.2% lift – the third consecutive monthly increase:

The following states and territories rose in seasonally adjusted terms in July 2020: New South Wales (5.9%), Queensland (5.0%), Western Australia (3.8%), South Australia (2.9%), the Australian Capital Territory (5.8%), Tasmania (4.2%), and the Northern Territory (3.1%). Victoria (-2.1%) fell in seasonally adjusted terms in July 2020.

The following industries rose in seasonally adjusted terms in July 2020: Household goods retailing (4.0%), Other retailing (4.4%), Cafes, restaurants and takeaway food services (4.9%), Food retailing (1.2%), Clothing, footwear and personal accessory retailing (7.1%), and Department stores (4.0%).

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.