Retail Turnover Up 0.4 % In June 2018

Retail Turnover Up 0.4 % In June 2018

Australian Bureau Of Statistics

Retail Turnover Rises 0.4 % In June

Victor P Taffa

Australian retail turnover rose 0.4 % in June 2018, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures.

This follows a 0.4 % rise in May 2018.

“Food retailing (0.4 %) led the rises.” Quarterly Economy Wide Surveys Director Ben James said.

“Clothing, footwear and personal accessories rose 1.7 %, following a 2.3 % rise in May.”

There were also rises for

  • Cafes, restaurants and takeaways (0.9 %),
  • Household goods (0.4 %).

Other retailing (0.0 %) was relatively unchanged.

There were also falls for

  • Department stores (-1.2 %).

In seasonally adjusted terms, there were rises in

  • Victoria (1.1 %),
  • New South Wales (0.4 %),
  • Western Australia (0.2 %),
  • Australian Capital Territory (1.2 %),
  • Tasmania (0.9 %).

South Australia (0.0 %) was relatively unchanged.

In seasonally adjusted terms, there were falls in

  • Queensland (-0.3 %),
  • Northern Territory (-0.4 %).

Trend estimate for Australian retail turnover rose 0.3 % in June 2018 following a rise of 0.4 % in May 2018. Compared to June 2017, the trend estimate rose 3.1 %.

For the June quarter 2018, there was a 1.2 % rise in seasonally adjusted volume terms. This follows a rise of 0.2 % in the March quarter 2018.

Quarterly rise in volumes was led by

  • Food (1.6 %),
  • Household goods (1.4 %),
  • Clothing, footwear and personal accessories (2.0 %).

By state, New South Wales (1.7 %) and Victoria (1.7 %) led the rises.

Online retail turnover contributed 5.7 % of total retail turnover in original terms in June 2018, a rise from 5.6 % in May 2018. In June 2017 online retail turnover contributed 4.1 % to total retail.