Retail Trade Down 0.1% SA in July, Though Trend Higher

The latest Australian Bureau of Statistics (ABS) Retail Trade figures show that Australian retail turnover fell 0.1 per cent in July 2015 following a rise of 0.6 per cent in June 2015, seasonally adjusted.

The less volatile trend estimate for Australian retail turnover rose 0.2 per cent in July 2015 following a 0.3 per cent rise in June 2015. The trend estimate rose 4.4 per cent compared to July 2014.

In seasonally adjusted terms there were rises in clothing, footwear and personal accessory retailing (2.9 per cent), department stores (1.3 per cent) and cafes, restaurants and takeaway food services (0.3 per cent). Food retailing (0.0 per cent) was relatively unchanged. There were falls in household goods retailing (-1.9 per cent) and other retailing (-0.6 per cent) following rises in both industries in June.

In seasonally adjusted terms there were rises in Queensland (0.3 per cent), Western Australia (0.3 per cent) and the Northern Territory (0.1 per cent). Tasmania was relatively unchanged (0.0 per cent). There were falls in New South Wales (-0.2 per cent), South Australia (-0.8 per cent), Victoria (-0.2 per cent) and the Australian Capital Territory (-0.2 per cent).

Online retail turnover contributed 3.1 per cent to total retail turnover in original terms.

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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