Retail Turnover Unchanged In July

Australian retail turnover was relatively unchanged (0.0 per cent) in July 2016, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures. This follows a rise of 0.1 per cent in June 2016.

The trend estimate rose 0.1 per cent in July 2016 following a 0.1 per cent rise in June 2016. Compared to July 2015 the trend estimate rose 2.7 per cent.

Retail-Trend-Jul-2016

In seasonally adjusted terms, there were rises in food retailing (0.7 per cent), cafes, restaurants and takeaway food services (1.2 per cent), other retailing (0.2 per cent) and clothing, footwear and personal accessory retailing (0.3 per cent). There were falls in department stores (-6.2 per cent) and household goods retailing (-0.7 per cent) in July 2016.

In seasonally adjusted terms, there were rises in Queensland (0.5 per cent), South Australia (0.5 per cent), Western Australia (0.3 per cent), the Australian Capital Territory (1.2 per cent), Tasmania (0.5 per cent) and the Northern Territory (0.4 per cent). There were falls in Victoria (-0.6 per cent) and New South Wales (-0.2 per cent).

Online retail turnover contributed 3.1 per cent to total retail turnover in original terms. Compared to July 2015, online retail rose 4.1 per cent.

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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