Retail Turnover Up 0.4 % In April 2018

Retail Turnover Up 0.4 % In April 2018

Australian Bureau Of Statistics

Retail Turnover Rises 0.4 % In April

Victor P Taffa

Australian retail turnover rose 0.4 % in April 2018, seasonally adjusted.

Cafes, restaurants and takeaways led the rise assisted by an unusually warm April across much of Australia, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures.

This follows a relatively unchanged result (0.0 %) in March 2018.

“Cafes, restaurants and takeaways (1.3 %) led the rises.” ABS Director of Quarterly Economy Wide Surveys Ben James said.

There were also rises in:

  • Other retailing (0.9 %),
  • Food retailing (0.3 %),
  • Household goods retailing (0.7 %).

Rises were partially offset by falls in

  • Clothing, footwear and personal accessories (-0.8 %),
  • Department stores (-0.9 %).

“While industries including Cafes, restaurants and takeaways can benefit from warm weather, there were likely negative impacts for some businesses in clothing, footwear and personal accessories and department stores.” Mr. James said.

In seasonally adjusted terms, there were rises in

  • New South Wales (0.7 %),
  • Victoria (0.3 %),
  • Western Australia (0.7 %),
  • Queensland (0.1 %),
  • Northern Territory (2.6 %),
  • Tasmania (0.9 %),
  • Australian Capital Territory (0.6 %).

South Australia (-0.6 %) fell in seasonally adjusted terms.

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

Online retail turnover contributed 5.4 % to total retail turnover in original terms in April 2018, a rise from 5.1 % in March 2018. In April 2017 online retail turnover contributed 3.4 % to total retail.