OZ Retail Turnover Up 0.6pc In June 2014
Retailers will be happy to learn that retail turnover was up 0.6pc in June, a seasonally adjust rise of 5.5pc from June 2013.
The Australian Bureau of Statistics (ABS) reports that household good retail is up 1.7pc, food retailing is up 0.5pc, clothing, footwear and personal accessories is up 1.4pc and “other” is up 0.9pc.
These rises were “partially offset” by falls in food hospitality of 0.6pc and department stores down by 0.5pc.
The ABS reports the “trend estimate for Australian retail turnover rose 0.1 per cent in June 2014”, which also follows the same trend rise of 0.1pc in May, and reports that “through the year, the trend estimate rose 5.3 per cent in June 2014 compared to June 2013.”
Looking at seasonally adjusted volume terms, turnover fell 0.2pc in the June quarter 2014 after following a rise of 1.3pc in the March quarter 2014.
More detailed analysis with graphs and charts is available from the “8501.0 – Retail Trade, Australia, Jun 2014” report, released today, at the ABS website.
The State breakdown shows turnover having risen 0.9pc in NSW, 0.6pc in Victoria, 1.1pc in WA, 0.5pc in SA, 1.3 in Tasmania, 0.3pc in the NT, a fall in the ACT of 0.5pc and Queensland staying steady with no change.