Retail Turnover Rose 0.2% in May

Australian retail turnover rose 0.2 per cent in May 2016, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures.

This follows a rise of 0.1 per cent in April 2016.

In seasonally adjusted terms, there were rises in food retailing (0.7 per cent), other retailing (1.4 per cent) and cafes, restaurants and takeaway food services (0.3 per cent). Department stores (0.0 per cent) was relatively unchanged. There were falls in household goods retailing (-1.1 per cent) and clothing, footwear and personal accessory retailing (-1.2 per cent) in May 2016.

In seasonally adjusted terms there were rises in New South Wales (0.7 per cent), Victoria (0.6 per cent) and South Australia (0.3 per cent). Tasmania (0.0 per cent) was relatively unchanged. There were falls in Western Australia (-0.7 per cent), Queensland (-0.4 per cent), the Northern Territory (-0.6 per cent) and the Australian Capital Territory (-0.3 per cent) in May 2016.

The trend estimate for Australian retail turnover rose 0.2 per cent in May 2016 following a 0.2 per cent rise in April 2016. Compared to May 2015, the trend estimate rose 3.3 per cent.

May-2016-Trend-RetailOnline retail turnover contributed 3.2 per cent to total retail turnover in original terms.

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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