Retail Turnover Up 0.4% In November

The latest Australian Bureau of Statistics (ABS) Retail Trade figures show that Australian retail turnover rose 0.4 per cent in November 2015 following a rise of 0.6 per cent in October 2015, seasonally adjusted.

There were rises in household goods retailing (0.9 per cent), cafes, restaurants and takeaway food services (1.0 per cent), food retailing (0.2 per cent), clothing, footwear and personal accessory retailing (0.8 per cent) and other retailing (0.4 per cent). There was a fall in department stores (-0.8 per cent).

There were rises in all states and territories in November. The largest contribution to the overall rise came from Queensland (0.8 per cent) followed by Victoria (0.5 per cent), New South Wales (0.2 per cent), Western Australia (0.3 per cent), South Australia (0.4 per cent), the Australian Capital Territory (0.9 per cent), Tasmania (0.3 per cent) and the Northern Territory (0.4 per cent).

The trend estimate for Australian retail turnover rose 0.4 per cent in November 2015 following a 0.4 per cent rise in October 2015. The trend estimate rose 4.1 per cent compared to November 2014.

In original terms, online retail turnover accounted for 3.3 per cent of total retail turnover.

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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