Retail Exceeds Expectations

The latest Australian Bureau of Statistics (ABS) Retail Trade figures show that Australian retail turnover rose 0.7 per cent in June following a rise of 0.4 per cent in May 2015, seasonally adjusted.

The monthly trend estimate for Australian retail turnover rose 0.3 per cent in June 2015 following a 0.3 per cent rise in May 2015. The trend estimate rose 4.7 per cent compared to June 2014.

RetailJune2015In seasonally adjusted terms, there were rises in household goods retailing (2.2 per cent), other retailing (2.0 per cent) and cafes, restaurants and takeaway food services (1.2 per cent). There were falls in clothing, footwear and personal accessory retailing (-1.4 per cent), food retailing (-0.1 per cent) and department stores (-0.1 per cent).

In seasonally adjusted terms there were rises in New South Wales (1.0 per cent), Victoria (0.8 per cent), South Australia (0.8 per cent), Queensland (0.2 per cent), Western Australia (0.2 per cent), the Northern Territory (0.8 per cent) and the Australian Capital Territory (0.2 per cent). Tasmania (0.0 per cent) was relatively unchanged.

The trend data shows a clearer pattern, with turnover in QLD falling to zero, ACT and NSW at the top rising, and the other states in between.

RetailJuneState2015
In seasonally adjusted volume terms, turnover rose 0.8 per cent in the June quarter 2015, following a rise of 0.6 per cent in the March quarter 2015.

Online retail turnover contributed 3.3 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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