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Retail business increased by 7.1% in November 2020

Adrian Flores
Adrian Flores
12 January 2021 1 minute readShare
Retail business

The latest figures from the Australian Bureau of Statistics reveal a 7.1 per cent rise in retail turnover in November last year compared with the previous month.

The ABS Retail Trade figures revealed this was slightly up from its preliminary result of 7.0 per cent, and follows a rise of 1.4 per cent in October 2020. Compared with November 2019, total retail turnover rose by 13.3 per cent.

“The rise is led by Victoria (22.4 per cent) as Melbourne retail stores were able to trade for a full month in November. Excluding Victoria, turnover rose by 2.6 per cent,” said ABS director of quarterly economy-wide surveys Ben James.

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Other states and territories to record an increase in turnover were Queensland (4.5 per cent), New South Wales (2.3 per cent), Western Australia (1.2 per cent), Tasmania (3.4 per cent), the Australian Capital Territory (2.5 per cent), and the Northern Territory (2.2 per cent). 

The brief lockdown in South Australia (-0.2 of a percentage point) led to a relatively flat result in November, as falls in most industries were offset by a rise in food sales.

 

By industry, rises were recorded in household goods retailing (12.7 per cent); clothing, footwear and personal accessory retailing (26.7 per cent); other retailing (7.9 per cent); department stores (21.1 per cent); and cafés, restaurants and takeaway food services (6.7 per cent) in November 2020.

The release of new games consoles and new iPhones added to sales in household goods and other retailing, while Black Friday sales also contributed to the increase across a number of industries.

Online sales made up 11.0 per cent of total retail turnover in November 2020, compared with 10.4 per cent in October 2020. In November 2019, online retail turnover contributed 7.2 per cent to total retail.

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Retail business increased by 7.1% in November 2020
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Adrian Flores
Adrian Flores

Adrian Flores is the deputy editor of MyBusiness. Before that, he was the deputy editor for SMSF Adviser as well as features editor for ifa (Independent Financial Adviser), InvestorDaily, Risk Adviser, Fintech Business and Adviser Innovation.

You can email Adrian at [email protected].

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