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.
Which stock gained the most attention in 2019? Find out in our exclusive report on the much talked about lithium stocks which gained the most investor attention amidst the volatile and high drama electric vehicle market.
Read about the shift in the Electric Vehicle market in 2020 and the consequent focus on Lithium in our report.
Get an insight into the lithium prices and the trends. The supply glut kept the lithium prices in check. The escalated bilateral trade dispute between the United States and China significantly impacted the lithium chemical prices.
Understand the performance of mining companies. The lithium mining companies managed to sail through the turbulent white gold market by limiting the production in correspondence with the demand from the offtake partners.