Retail Turnover Up 0.3 % March 2019

Retail Turnover Up 0.3 % March 2019

Australian Bureau Of Statistics

Retail Turnover Rises 0.3 % In March

Victor P Taffa

Australian retail turnover rose 0.3 % in March 2019, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures.

This follows a 0.9 % rise in February 2019.

Cafes, restaurants and takeaway food services (1.4 %) and Food retailing (0.4 %) led the rises, Director of Quarterly Economy Wide Surveys Ben Faulkner said.

“With strength in food prices contributing to rises, especially in supermarkets and grocery stores. Clothing, footwear and personal accessory retailing (1.2 %) and Household goods retailing (0.2 %) also rose. The rises were partially offset by falls in Department stores (-1.5 %) and Other retailing (-0.4 %).”

Seasonally adjusted terms, there were rises in:

  • Victoria (0.7 %),
  • Queensland (0.6 %),
  • New South Wales (0.2 %),
  • Tasmania (0.4 %),
  • South Australia (0.1 %),
  • Northern Territory (0.7 %).

Australian Capital Territory was relatively unchanged (0.0 %).

Seasonally adjusted terms, there were falls in:

  • Western Australia (-0.7 %).

Trend estimate for Australian retail turnover rose 0.3 % in March 2019, following a rise of 0.3 % in February 2019. Compared to March 2018, the trend estimate rose 3.0 %.

Online retail turnover contributed 5.7 % to total retail turnover in original terms in March 2019. In March 2018 online retail turnover contributed 5.1 % to total retail.

For the March quarter 2019, there was a fall of 0.1 % in seasonally adjusted volume terms. This follows a relatively unchanged (0.0 %) result in the December quarter 2018.

Quarterly fall in volumes was led by:

  • Household goods retailing (-0.6 %),
  • Department stores (-1.2 %).

Quarterly rise in volumes was led by:

  • Cafes, restaurants and takeaway food services (1.0 %),
  • Other retailing (0.3 %),
  • Food retailing (0.1 %),
  • Clothing, footwear and personal accessory retailing (0.3 %).