The latest ABS Retail Trade figures show that Australian retail turnover rose 0.4 per cent in October 2014, seasonally adjusted, following a rise of 1.3 per cent in September 2014. Analysis shows that the knock on effect from the housing boom is having a positive influence in those states experiencing it.
In seasonally adjusted terms household goods retailing rose 1.4 per cent or $56.9 million in turnover. Other industries which experienced rises were, food retailing (0.5 per cent), department stores (2.0 per cent), clothing, footwear and personal accessory retailing (1.1 per cent) and other retailing (0.2 per cent). This was partially offset by a fall in cafes, restaurants and takeaway food services (-2.1 per cent).
In seasonally adjusted terms the states which displayed rises were New South Wales (0.7 per cent), Queensland (0.4 per cent), South Australia (1.2 per cent), Western Australia (0.1 per cent) and the Australian Capital Territory (0.4 per cent). Victoria remained relatively unchanged (0.0 per cent). This was partially offset by a falls in Tasmania (-1.0 per cent) and the Northern Territory (-0.4 per cent).
Through the year, Australian retail turnover rose 5.7 per cent in October 2014, seasonally adjusted, compared to October 2013. The trend estimate for Australian retail turnover rose 0.4 per cent in October 2014. This followed a 0.4 per cent rise in September 2014. Through the year, the trend estimate rose 5.0 per cent in October 2014 compared to October 2013. Total online retail trade, in original terms, rose 9.5 per cent in October 2014 following a rise of 8.7 per cent in September 2014,
