Retail Turnover Higher in November

The trend estimate for Australian retail turnover rose 0.4 per cent in November 2016 following a 0.4 per cent rise in October 2016, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures.

Compared to November 2015 the trend estimate rose 3.4 per cent.

Online retail turnover contributed 4.1 per cent to total retail turnover in original terms.

In (the less reliable) seasonally adjusted terms, retail turnover rose 0.2 per cent in November, following a rise of 0.5 per cent in October 2016.

In seasonally adjusted terms, there were rises in food retailing (0.4 per cent), clothing, footwear and personal accessory retailing (1.7 per cent) and household goods retailing (0.2 per cent). There were falls in cafes, restaurants and takeaway food services (-0.8 per cent), department stores (-0.3 per cent) and other retailing (-0.1 per cent).

In seasonally adjusted terms, there were rises in New South Wales (0.5 per cent), Victoria (0.4 per cent), Queensland (0.1 per cent), Tasmania (0.1 per cent) and the Northern Territory (0.3 per cent). There were falls in Western Australia (-0.6 per cent), South Australia (-0.4 per cent) and the Australian Capital Territory (-0.1 per cent).


Author: Martin North

Martin North is the Principal of Digital Finance Analytics

Leave a Reply