EconomyStockAustralian August retail sales fall 4%, Victoria hit hard

1 year ago143 min
imageEconomic Indicators50 minutes ago (Oct 01, 2020 09:45PM ET)

(C) Reuters. Shoppers walk past sales signs on display in the window of a retail store at a shopping mall in Sydney

SYDNEY (Reuters) – Australian retail sales fell 4% in August from the month earlier, official data showed on Friday, with the virus-stricken state of Victoria bearing the brunt of the downturn.

The result follows gains of 3.2% and 2.7% in July and June respectively, according to data from the Australian Bureau of Statistics (ABS).

Victoria suffered a 12.6% drop as a strict lockdown saw many businesses shut their doors to customers. There were also declines in most other states.

Annual growth was still solid with sales up 7.1% compared to August 2019.

Australian August retail sales fall 4%, Victoria hit hard

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