The Australian Bureau of Statistics is providing additional and more up to date data to help inform policy makers and the public on the COVID-19 economic impact.
Preliminary retail turnover data for February + 0.4% m/m (sa) and +1.7% y/y
- subject to revision, final estimate due 3 April
- rise in food retailing (supermarkets saw a jump in demand)
- falls in clothing, footwear and personal accessories and other retailing
The data is not a market mover right now, and even if it was a surge in supermarket shopping at the expense of more discretionary spending is no surprise.
