Retail Turnover Rises 0.3% in June

Power Retail By Power Retail | 04 Aug 2017

Australian retail turnover rose 0.3 per cent in June 2017 in seasonally adjusted terms, according to the latest Australian Bureau of Statistics retail trade figures, following a rise of 0.6% in May 2017.

Online retail turnover contributed 4.1% of to total retail turnover in original terms for June 2017, according to the latest ABS figures.

“In seasonally adjusted terms in June 2017, ABS saw rises in household goods retailing (0.9%), cafes, restaurants and takeaway food services (0.5%), clothing footwear and personal accessory retailing (0.8%) and other retailing (0.2%). There was, however, a fall in department stores (-0.3%), while food retailing was relatively unchanged.”

In seasonally adjusted terms there were rises in New South Wales (0.5%, Queensland (0.7%), South Australia (0.3%), Tasmania (0.6%), the Northern Territory (1.2%) and Western Australia (0.1%). There were falls in Victoria (-0.3%) and the Australian Capital Territory (-0.1%).

The trend estimate for Australian retail turnover rose 0.4% in June 2017 following a 0.4% rise in May 2017. Compared to June 2016, the trend estimate rose 3.6 %.

In seasonally adjusted volume terms, turnover rose 1.5% in the June quarter 2017, following a rise of 0.2% in the March quarter 2017. The largest contributor to the rise was household goods retailing, which rose 2.5% in seasonally adjusted volume terms in the June quarter 2017.

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