Preliminary Retail Turnover Drops 1.5 Percent in September

Power Retail By Power Retail | 21 Oct 2020

Retail turnover has slipped 1.5 percent in September 2020, according to the preliminary retail figures supplied by the Australian Bureau of Statistics. 

When compared to September 2019, retail turnover in September 2020 has risen 5.2 percent.

“Food retailing, household goods retailing, and other retailing (which includes online-only retailers) recorded falls this month,” said Ben James, the Director of Quarterly Economy Wide Surveys. “These industries have recorded elevated levels of turnover during the COVID-19 pandemic and continue to trade above the levels of September 2019.”

All states, except the Northern Territory, fell this month. With a huge fall in August from Victoria, the fall in September was small in comparison. Victoria remains the only state or territory to be trading below the level of September last year.

Clothing, footwear and personal accessory retailing experienced a drop in September 2020. These falls were slightly offset by increases in department stores and cafes, restaurants and takeaway food services. These rises come after ‘significant falls’ in August this year.

There was a 6.8 percent increase for the September quarter in current price, following a fall in the June quarter. These numbers have been lifted as restrictions continue to be lifted across the country.

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