Retail Turnover Up 0.4 % February 2020

Retail Turnover Up 0.4 % February 2020

Australian Bureau Of Statistics

Preliminary Retail Turnover Rises 0.4 % In February

Victor P Taffa

Australian retail turnover rose 0.4 %, based on preliminary figures, in February 2020, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures.

Preliminary figures indicate a rise in food will be slightly offset by falls in industries such as clothing, footwear and personal accessories and other retailing. While some businesses (e.g. those that rely on tourism) reported that coronavirus negatively impacted turnover, a range of other businesses saw limited impacts from coronavirus in February.

Australian Statistician announced on 16 March the commitment of the ABS to provide the community and governments with access to additional, more up-to-date information on the economic responses of individuals and businesses to the coronavirus, COVID-19.

This preliminary retail turnover data release is the first in a series of additional product releases over the coming months to help measure the economic impact of coronavirus. This release provides the preliminary estimate for Australian retail turnover for the month of February.