Australia preliminary April Retail Sales -17.9% MoM, strongest fall on record – ABS

Australia preliminary April Retail Sales is out as follows:

Australia preliminary April Retail Sales

• -17.9% MoM – ABS

This is the strongest seasonally adjusted fall ever published from the retail trade survey ABS. Turnover in clothing, footwear and personal accessory retailing, and cafes, restaurants and takeaways is around half the level of April 2019 – ABS.
Food retailing industry, which saw a strong rise in march due to unprecedented demand, fell 17.1% from March 2020 – ABS

More to come…