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Aussie Online Spending Jumps In February

Aussie Online Spending Jumps In FebruaryNAB estimates online sales are now 8.7 per cent higher compared to a year ago, with online sales likely to again outpace traditional retail sales in February.

Aussies spent $16.7 billion on online retail in the 12 months to February 2015, according to NAB estimates, equivalent to 6.9 per cent of spending at traditional brick and mortar retailers (as measured by the Australian Bureau of Statistics and excluding cafes, restaurants and takeaway food to create a like-for-like comparison).

While the electronic games and toys category represents a small share of spend, its growth continues to outpace other categories, despite recording slower growth than January, NAB stated.

Department and variety stores and media also recorded slower growth than January, while groceries and homewares recorded higher monthly growth.