Preliminary Retail turnover falls 17.9% in April 2020
The Australian Bureau of Statistics (ABS) reported that Australian retail turnover fell 17.9% in April 2020. This is the strongest seasonally adjusted fall published from the Retail Trade survey following the strongest ever seasonally adjusted rise in March 2020.
The preliminary figures show falls in every industry with particular strong falls in food retailing, cafes, restaurants and takeaways, clothing footwear and personal accessories.
While March saw a mix of impacts related to COVID-19, these impacts were overwhelmingly negative in April as regulations regarding social distancing measures limited the ability of business to trade normal for the entire month. Turnover in clothing, footwear, personal accessory retailing, cafes, restaurants, and takeaways is around half the level of April 2019.
Australian Bureau of Statistics link:
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