Retail Trade Remains In The Doldrums

The ABS released their latest statistics today for September 2018.  Households remain under pressure judging by the weak results.

In trend terms, overall retail turnover grew by 0.2% in the month. Within the segments, Other Retailing rose 0.6%, Cafes, Restaurants and Take Away Food rose 0.5%, Food Retailing 0.2%, Clothing, Footwear and Personal services was flat, while Household Goods fell 0.2% and Department stores fell 0.1%.

Across the states, TAS rose 0.5%, QLD and VIC both rose 0.3%, NSW rose 0.2% along with SA, ACT was flat, WA fell 0.1% and NT fell 0.9%.

Online retail turnover contributed 5.6 per cent to total retail turnover in original terms in September 2018, an unchanged result from August 2018. In September 2017 online retail turnover contributed 4.4 per cent to total retail.

 

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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