Retail turnover rose 0.3 per cent in January 2016

Australian retail turnover rose 0.3 per cent in January 2016 following a relatively unchanged December 2015 (0.0 per cent), seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) figures released today.

In seasonally adjusted terms there were rises in other retailing (1.4 per cent), household goods retailing (1.0 per cent), cafes, restaurants and takeaway food services (1.0 per cent) and clothing, footwear and personal accessory retailing (0.1 per cent). Food retailing (-0.2 per cent) and department stores (-1.3 per cent) both fell in January 2016.

In seasonally adjusted terms there were rises in New South Wales (0.5 per cent), Queensland (0.3 per cent), South Australia (0.4 per cent), Western Australia (0.2 per cent), Tasmania (1.0 per cent), the Australian Capital Territory (0.7 per cent) and the Northern Territory (1.3 per cent). Victoria (0.0 per cent) was relatively unchanged in January 2016.

The trend estimate for Australian retail turnover rose 0.3 per cent in January 2016 following a 0.3 per cent rise in December 2015. Compared to January 2015 the trend estimate rose 4.0 per cent.

Online retail turnover contributed 2.9 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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