Retail trend turnover rises 0.1 per cent in August

The trend estimate for Australian retail turnover rose 0.1 per cent in August 2016 following a 0.1 per cent rise in July 2016 according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures. Compared to August 2015 the trend estimate rose 2.6 per cent.

retail-aug-2016

Australian retail turnover rose 0.4 per cent in August 2016, seasonally adjusted. This follows a relatively unchanged (0.0 per cent) July 2016.

In seasonally adjusted terms, the largest rise was in department stores (3.5 per cent), which followed a fall in July of 5.8 per cent. There were also seasonally adjusted rises in cafes, restaurants and takeaway food services (1.2 per cent), food retailing (0.3 per cent) and household goods retailing (0.2 per cent). There were falls in other retailing (-0.6 per cent) and clothing, footwear and personal accessory retailing (-0.4 per cent).

retail-aug-2016-stateIn seasonally adjusted terms, there were rises in Victoria (0.7 per cent), New South Wales (0.5 per cent), Queensland (0.7 per cent), South Australia (0.4 per cent) and the Australian Capital Territory (0.7 per cent). There were falls in Western Australia (-0.5 per cent), Northern Territory (-0.5 per cent) and Tasmania (-0.1 per cent).

Online retail turnover contributed 3.3 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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