Skip to content
Subscriber Only

Australian Retail Sales Rise at Slower Pace as Lockdown Drags

Australians are cashed up from government stimulus and fewer spending options during the Covid-19 lockdown. 

Australians are cashed up from government stimulus and fewer spending options during the Covid-19 lockdown. 

Photographer: Brent Lewin/Bloomberg

Australian household spending rose at a slower-than-expected pace in January as a short, sharp Covid-19 lockdown in the northeastern state of Queensland dragged on stronger performances in other parts of the country.

Preliminary retail sales advanced 0.6% from December, but came in below economists’ median estimate of a 2% gain, the Australian Bureau of Statistics said in a report released in Sydney Friday. Queensland dropped 1.5% last month, while New South Wales advanced 1%.