Retail Sales Growth Slows In March

The latest Australian Bureau of Statistics (ABS) Retail Trade figures show that Australian retail turnover rose 0.3 per cent in March following a rise of 0.7 per cent in February 2015, seasonally adjusted.

In seasonally adjusted terms the largest contributor to the rise was department stores (3.8 per cent), clothing, footwear and personal accessory retailing (2.2 per cent), food retailing (0.4 per cent) and other retailing (0.1 per cent). There were falls in household goods retailing (-1.0 per cent) and cafes, restaurants and takeaway food services (-1.1 per cent).

In seasonally adjusted terms there were rises in Queensland (0.7 per cent), New South Wales (0.3 per cent), Victoria (0.2 per cent), South Australia (0.3 per cent) and Tasmania (0.5 per cent). There were falls in Western Australia (-0.3 per cent), the Australian Capital Territory (-0.5%) and the Northern Territory (-0.8 per cent).

The trend estimate for Australian retail turnover rose 0.3 per cent in March 2015 following a 0.4 per cent rise in February 2015. Through the year, the trend estimate rose 4.3 per cent in March 2015 compared to March 2014.

Online retail turnover contributed 3.0 per cent to total retail turnover in original terms.

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

Leave a Reply