Retail turnover rises 0.1 per cent in June

Australian retail turnover rose 0.1 per cent in June 2016, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures.

Wallet-PicThis follows a rise of 0.2 per cent in May 2016.

In seasonally adjusted terms, there were rises in clothing, footwear and personal accessory retailing (3.5 per cent), household goods retailing (0.3 per cent) and department stores (0.7 per cent). There were falls in food retailing (-0.6 per cent), cafes, restaurants and takeaway food services (-0.1 per cent) and other retailing (-0.1 per cent) in June 2016.

In seasonally adjusted terms, there were rises in Queensland (1.1 per cent) and Western Australia (0.1 per cent). Turnover in South Australia was relatively unchanged (0.0 per cent). There were falls in New South Wales (-0.2 per cent), Victoria (-0.1 per cent), the Australian Capital Territory (-0.6 per cent), the Northern Territory (-1.1 per cent) and Tasmania (-0.2 per cent).

The trend estimate for Australian retail turnover rose 0.2 per cent in June 2016 following a 0.2 per cent rise in May 2016. Compared to June 2015 the trend estimate rose 3.1 per cent.

Online retail turnover contributed 3.4 per cent to total retail turnover in original terms.

In seasonally adjusted volume terms, turnover rose 0.4 per cent in the June quarter 2016, following a rise of 0.5 per cent in the March quarter 2016. The largest contributor to the rise was other retailing, which rose 1.9 per cent in seasonally adjusted volume terms in the June quarter 2016.

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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