Retail Turnover Up 0.3 % For August 2018

Retail Turnover Up 0.3 % For August 2018

Australian Bureau Of Statistics

Retail Turnover Rose 0.3 % In August

Victor P Taffa

Australian retail turnover rose 0.3 % in August 2018, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures.

This follows a relatively unchanged estimate (0.0 %) in July 2018.

“There were rises in 5 of the 6 industries.” Director of Quarterly Economy Wide Surveys Ben James said.

Rises were seen in:

  • Department stores (0.9 %),
  • Clothing, footwear and personal accessory retailing (0.8 %),
  • Cafes, restaurants and takeaway food services (0.7 %),
  • Other retailing (0.4 %),
  • Household goods retailing (0.2 %).

Food retailing was relatively unchanged (0.0 %).

In seasonally adjusted terms, there were rises in

  • South Australia (0.8%),
  • Tasmania (0.6%),
  • New South Wales (0.5%),
  • Australian Capital Territory (0.2%),
  • Victoria (0.2%),
  • Queensland (0.1%).

Western Australia was relatively unchanged (0.0%),

There was a fall in the Northern Territory (-1.3%).

Trend estimate for Australian retail turnover rose 0.2 % in August 2018, following a 0.3 % rise in July 2018. Compared to August 2017, the trend estimate rose 3.4 %.

Online retail turnover contributed 5.6 % to total retail turnover in original terms in August 2018, a rise from 5.5 % in July 2018. In August 2017 online retail turnover contributed 4.6 % to total retail.