Another record-breaking month for Australian retail sales
Friday 27 May 2022
Australian retail sales have broken more records with $33.9 billion spent in stores and online in April – a 9.6% increase on a year ago and up 0.9% on the previous month, according to figures released today by the Australian Bureau of Statistics.
Australian Retailers Association CEO Paul Zahra said the April result for total retail sales breaks the previous record set a month earlier, with businesses enjoying increased turnover over the Easter long weekend.
“April was another phenomenal result for retailers overall, with trade boosted by the Easter long weekend when many people got away for holidays – the first real break people had since the beginning of the pandemic, which coincided with a relaxing of domestic border controls and Covid restrictions on businesses,” Mr Zahra said.
“Every state and territory and every category of retail recorded sales growth in April compared to a year earlier. We’re encouraged by the performance of clothing, footwear and personal accessories (up 14.7% compared to a year earlier), and department stores (up 5.4%) which are continuing to rebound well after the pandemic.
“However, we know that the record retail sales result can also be attributed to the higher prices we’re seeing across the economy – particularly in the food industries. While sales are increasing, so too are business costs, while staff shortages remain an ongoing concern.”