Retail sales figures ticked higher in June, up 2.7% according to Australian Bureau of Statistics (ABS) retail trade figures released today.

It follows three months of extreme volatility that led to two record monthly gains and one record monthly decline of 17.9%.

Director of Quarterly Economy Wide Surveys Ben James said this followed a rise of 16.9% in May 2020.

"The June month saw the continued recovery of industries impacted by trading restrictions in April and early May," Mr James said. 

"There were large month-on-month rises in cafes, restaurants and takeaway food services (27.9%), and clothing, footwear and personal accessory retailing (20.5%)."

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                                  Important Information and Comparison Rate Warning

                                  All products with a link to a product provider’s website have a commercial marketing relationship between us and these providers. These products may appear prominently and first within the search tables regardless of their attributes and may include products marked as promoted, featured or sponsored. The link to a product provider’s website will allow you to get more information or apply for the product. By de-selecting “Show online partners only” additional non-commercialised products may be displayed and re-sorted at the top of the table. For more information on how we’ve selected these “Sponsored”, “Featured” and “Promoted” products, the products we compare, how we make money, and other important information about our service, please click here. Rates correct as of July 27, 2024. View disclaimer.

                                  Food sales (0.9%) was lifted by a rise in sales in Victoria at the end of the month as panic buying on groceries resumed amid stage four lockdowns. 

                                  Spending in department stores fell 12.1% followed by household goods (3.2%). 

                                  Online sales remained high, making up 9.7% of total retail sales in June. 

                                  The June result beat forecasts of a 2.4% rise, but retail volumes still contracted by 3.4%.

                                  Mr James said this was the biggest fall in seasonally adjusted retail volumes since the introduction of GST in 2000.

                                  "The quarterly fall was driven by falls in cafes, restaurants and takeaway food services (-29.1%), and clothing, footwear and personal accessory retailing (-22.0%), which both saw very large falls in April," he said.

                                  "There were also falls in food retailing (-1.6%) following a March quarter rise, and Other retailing (-0.7%)."

                                  The ABS said the falls were slightly offset by a rise in household goods retailing (14.6%), with increased consumer demand for furniture, electrical goods and hardware.