HomeLive CommentsAustralia retail sales rose only 0.1% mom in May, dragged by Victoria...

Australia retail sales rose only 0.1% mom in May, dragged by Victoria lockdown

Australia retail sales rose 0.1% mom in May, well below expectation of 0.7% mom. Comparing to a year ago, sales rose 7.4% yoy.

Ben James, Director of Quarterly Economy Wide Surveys, said: “There were mixed results across the industries and states and territories, with COVID-19 restrictions in Victoria impacting the May result. Victoria fell 1.5 per cent as the state entered its fourth lockdown on May 28 with trade restricted for physical stores.”

Full release here.

Featured Analysis

Learn Forex Trading