Retail Turnover Down 0.5 % For December 2017

Retail Turnover Down 0.5 % For December 2017

Australian Bureau Of Statistics

Retail Turnover Falls 0.5 % In December

Victor P Taffa

Australian retail turnover fell 0.5 % in December 2017, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures.

This follows a 1.3 % rise in November 2017.

There were falls for

  • Household goods retailing (-2.6 %),
  • Other retailing (-1.8 %),
  • Department stores (-0.6 %),
  • Cafes, restaurants and takeaways (-0.1 %),
  • Clothing, footwear and personal accessory retailing (-0.1 %).

There were rises for

  • Food retailing rose (0.7 %).

In seasonally adjusted terms, there were falls in

  • Victoria (-0.8 %),
  • New South Wales (-0.4 %),
  • Western Australia (-0.8 %),
  • Tasmania (-1.6 %),
  • Australian Capital Territory (-1.5 %),
  • South Australia (-0.3 %),
  • Northern Territory (-0.7 %).

Queensland was relatively unchanged (0.0 %) in seasonally adjusted terms.

Trend estimate for Australian retail turnover rose 0.2 % in December 2017 following a rise (0.2 %) in November 2017. In December 2016 the trend estimate rose 2.0 %.

Online retail turnover contributed 4.8 % to total retail turnover in original terms in the December month 2017. In December 2016 online retail turnover contributed 3.8 % to total retail.

In seasonally adjusted volume terms, turnover rose 0.9 % in the December quarter 2017, following a rise of 0.1 % in the September quarter 2017.

Rise in volumes was led by household goods (3.4 %), which benefitted from strong promotions and the release of the iPhone X in the November month.