Retail Remains In The Doldrums

The ABS released their retail turnover figures today.

The trend estimate rose 0.2% in May 2019. This follows a rise of 0.2% in April 2019, and a rise of 0.2% in March 2019.

The seasonally adjusted estimate rose 0.1% in May 2019. This follows a fall of 0.1% in April 2019, and a rise of 0.3% in March 2019.

In trend terms, Australian turnover rose 2.7% in May 2019 compared with May 2018.

The following industries rose in trend terms in May 2019: Food retailing (0.2%), Cafes, restaurants and takeaway food services (0.3%), Other retailing (0.2%), and Department stores (0.3%). Clothing, footwear and personal accessory retailing (0.0%) was relatively unchanged. Household goods retailing (-0.1%) fell in trend terms in May 2019.

The following states and territories rose in trend terms in May 2019: Queensland (0.4%), Victoria (0.3%), South Australia (0.4%), the Northern Territory (0.3%), and the Australian Capital Territory (0.2%). New South Wales (0.0%) and Tasmania (0.0%) were relatively unchanged. Western Australia (-0.2%) fell in trend terms in May 2019.

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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