ABS retail trade figures show retail turnover on the rise

Newly released retail trade figures from the Australian Bureau of Statistics show that Australian retail turnover rose 0.4 per cent in August 2013, seasonally adjusted, following a rise of 0.1 per cent in July 2013.

Newly released retail trade figures from the Australian Bureau of Statistics show that Australian retail turnover rose 0.4 per cent in August 2013, seasonally adjusted, following a rise of 0.1 per cent in July 2013.

The largest contributor to the rise in August 2013 was department stores (6.4 per cent) followed by SME businesses such as cafes, restaurants and takeaway food services (0.4 per cent), clothing, footwear and personal accessory retailing (0.3 per cent) and food retailing (0.1 per cent). These rises were partially offset by falls in household goods retailing (-0.6 per cent) and other retailing (-0.2 per cent). Over the longer term, the largest contributor to this growth strength is food retailing (up 0.1 per cent in trend terms). 

The state that was the largest contributor to the rise was Victoria (0.6 per cent) followed by NSW (0.4 per cent), Western Australia (0.7 per cent), Queensland (0.2 per cent), the Northern Territory (1.3 per cent) and Tasmania (0.3 per cent). These rises were partially offset by falls in South Australia (-0.2 per cent) and the Australian Capital Territory (-0.8 per cent). Over the longer term, South Australia is the largest contributor to the strength (up 0.6 per cent in trend terms). 

Through the year, Australian retail turnover rose 2.3 per cent in August 2013, seasonally adjusted, compared to August 2012. The ABS’ trend estimate for Australian retail turnover was relatively unchanged in August 2013 (0.0 per cent). This follows a rise of 0.1 per cent in July 2013. Through the year, the trend estimate rose 1.7 per cent in August 2013 compared to August 2012.

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