Retail Turnover Up 0.6 % For May 2017

Retail Turnover Up 0.6 % For May 2017

Australian Bureau Of Statistics

Retail Turnover Rises 0.6 % In May 2017

Victor P Taffa

Australian retail turnover rose 0.6 % in May 2017, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures. This follows a rise of 1.0 % in April 2017.

Seasonally adjusted terms, there were rises in

  • Household goods retailing (2.2 %),
  • Clothing, footwear and personal accessory retailing (1.3 %),
  • Cafes, restaurants and takeaway food services (0.6 %),
  • Other retailing (0.6 %),
  • Food retailing (0.1 %).

These rises were offset by a fall in department stores (-0.7 %).

Rise in household goods was across all subgroups:

  • Electrical and electronic goods retailing (2.8 %),
  • Furniture, floor coverings, houseware and textile goods retailing (2.0 %),
  • Hardware, building and garden supplies retailing (1.5 %).

Seasonally adjusted terms there were rises in

  • New South Wales (1.3 %),
  • Victoria (1.2 %),
  • South Australia (0.8 %),
  • Western Australia (0.3 %),
  • Tasmania (1.2 %),
  • Australian Capital Territory (1.0 %).

Seasonally adjusted terms there were falls in

  • Queensland (-1.1 %),
  • Northern Territory (-0.5 %)

Trend estimate for Australian retail turnover rose 0.3 % in May 2017 following a 0.3 % rise in April 2017. Compared to May 2016 the trend estimate rose 3.2 %.

Online retail turnover contributed 3.9 % to total retail turnover in original terms.