The latest ABS Retail Trade figures show that Australian retail turnover rose 0.2 per cent in December following a rise of 0.1 per cent in November.
The latest ABS Retail Trade figures show that Australian retail turnover rose 0.2 per cent in December following a rise of 0.1 per cent in November and a rise of 0.4 per cent in October 2014, seasonally adjusted.
In seasonally adjusted terms, the largest contributor to the rise was clothing, footwear and personal accessory retailing (2.7 per cent). Food retailing (0.3 per cent) was the only other industry to rise in December. Other retailing (0.0 per cent) and cafes, restaurants and takeaway food services (0.0 per cent) were relatively unchanged whilst there were falls in household goods retailing (-0.4 per cent) and department stores (-0.9 per cent).
In seasonally adjusted terms the states that displayed rises were Queensland (0.6 per cent), NSW (0.2 per cent), WA (0.5 per cent) and the ACT (0.4 per cent). Victoria was relatively unchanged (0.0 per cent) and there were falls in SA (-0.4 per cent), Tasmania (-1.3 per cent) and the Northern Territory (-0.1 per cent).
The trend estimate for Australian retail turnover rose (0.2 per cent) in December 2014. This followed a (0.3 per cent) rise in November and (0.3 per cent) rise in October. Through the year, the trend estimate rose 3.3 per cent in December 2014 compared to December 2013.
In volume terms, turnover rose (1.5 per cent) in the December quarter, seasonally adjusted, following a rise of (0.9 per cent) in the September quarter 2014.
Online retail turnover contributed (2.8 per cent) to total retail turnover in original terms.
Like My Business on Facebook now to get involved in the SME community discussion.
Follow @mybusinessau on Twitter for breaking stories throughout the day.
Learn more about the SME Association of Australia, the Publisher of My Business.
Are you aspirational? Find out about our stablemate, Aspire magazine.
Too many SMEs are making this mistake
By Adam Joy
Taking digitisation out of the ‘too hard’ basket for SMEs
By Jason Brouwers
The insanity of consumer expectations
By Jason Dooris