Retail Turnover Unchanged For March 2018

Retail Turnover Unchanged For March 2018

Australian Bureau Of Statistics

Retail Turnover Relatively Unchanged In March

Victor P Taffa

Overall Australian retail turnover in March 2018 was relatively unchanged (0.0 %) in seasonally adjusted terms, following a 0.6 % rise in February 2018.

Ben James, ABS Director of Quarterly Economy Wide Surveys, said:

  • There was a rise in food retailing of 0.7 %,

All other industries fell including:

  • Cafes, restaurants and takeaways (-0.8 %),
  • Other retailing (-0.6 %),
  • Household goods retailing (-0.3 %),
  • Department stores (-0.5 %),
  • Clothing, footwear and personal accessory retailing (-0.2 %).

In seasonally adjusted terms, there were falls in:

  • New South Wales (-0.1 %),
  • Queensland (-0.2 %),
  • Western Australia (-0.1 %),
  • Tasmania (-0.3 %).

Retail trade rose in:

  • Victoria (0.2 %),
  • Australian Capital Territory (1.5 %),
  • South Australia (0.2 %),
  • Northern Territory (0.1 %).

Trend estimate for Australian retail turnover rose 0.3 % in March 2018, following a rise (0.3 %) in February 2018. Compared to March 2017, the trend estimate rose 2.6 %.

Online retail turnover contributed 5.1 % to total retail turnover, up from 3.7 % a year ago in original terms in March 2018.

In seasonally adjusted volume terms, turnover rose 0.2 % in the March quarter 2018, following a rise of 0.8 % in the December quarter 2017.

Rise in volumes was led by:

  • Food (0.7 %),
  • Household goods (1.2 %),
  • Clothing, footwear and personal accessories (1.1 %).

Abbreviations:

ABS                Australian Bureau Of Statistics