Australia retail sales see record surge in May as economy reopens

The Business Times | Jul 3, 2020 at 2:00 AM
  • Australian retail sales saw a record surge in May, official data showed on Friday, as a wide scale easing in coronavirus lockdowns allowed entire sectors to reopen, enabling a recovery from an historic plunge in April.
  • Australia eased lockdown restrictions in May as it successfully contained the spread of the virus and reopened its economy before many other advanced nations.
  • New vehicle sales fell 6.4 per cent compared with June 2019, following double digit year-on-year declines in March, April and May.