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June retail sales plunge, July will be worse

Ronald Mizen

End of financial year sales failed to stave off the coronavirus blues in June, with retail trade falling 1.8 per cent as lockdowns across Australia restricted movement and forced stores to temporarily close their doors.

The fall in trade will intensify in July with Sydney’s lockdown likely to be extended, Melbourne plunged into two weeks under stay at home orders, and a seven-day freeze on movement in South Australia.

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Ronald Mizen is the Financial Review’s political correspondent, reporting from the press gallery at Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com

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    Original URL: https://www.afr.com/policy/economy/june-retail-sales-fail-to-stave-off-covid-19-blues-20210721-p58bju