Preliminary Retail Sales Bounced Back 16.3% in May

As per ABS, the retail trade rebounded 16.3% in May 2020 in seasonally adjusted terms, recording greatest monthly increase in 38 years following greatest monthly fall of 17.7% in April 2020.

  • Retail sales rose by 5.3% compared to May 2019
  • Large rise for clothing, footwear, personal accessories and food establishments as restrictions lifted in May 2020
  • Expenditure on household goods also rose owing to increase in spending on furniture, home entertainment and home offices.
  • Food retailing rose due to more consumption of food and beverages at home while liquors retail levels stayed high as restrictions for hospitality remained in place for May 2020.

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