Australian retail sales tumble in April


  • Economy
  • Wednesday, 20 May 2020

A motorist being tested for Covid-19 in a drive through process in Australia.

SYDNEY: Australian retail sales slumped in April after a record surge the previous month as widespread mobility restrictions to curb the spread of the coronavirus hit demand for clothing, travel and dining out.

The Australian Bureau of Statistics (ABS) reported on Wednesday its preliminary estimate of retail sales plunged a seasonally adjusted 17.9% in April, its biggest ever, from an 8.5% jump in March.

Turnover in clothing, footwear and personal accessory retailing, and cafes, restaurants and takeaways was around half the level of April 2019, the ABS noted.

The final estimate of sales is due on June 4. - Reuters

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