September 30, 2013

Australian retail sales rose by 0.4% in August: ABS

The total value of retail sales in Australia rose by 0.4% in August 2013, seasonally adjusted, compared to the previous month, according to the data released by Australian Bureau of Statistics (ABS).

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By individual category, department stores retailing reported the highest rise in sales with 6.4% followed by cafes, restaurants and takeaway food services which grew 0.4% respectively.

Clothing, footwear and personal accessory retailing sales increased 0.3% while food retailing was up by 0.1%. In contrast, sales in household goods retailing and other retailing decreased by 0.6% and 0.2% respectively.

The agency noted that in trend terms, the largest contributor to the strength was food retailing, which was up by 0.1% over the longer term.

By region, the largest contributor to the rise was Victoria which witnessed 0.6% rise followed by New South Wales at 0.4%, Western Australia at 0.7%, Queensland at 0.2%, the Northern Territory at1.3%, and Tasmania at 0.3%.

The rise in sales in these regions were in contrast with falls in South Australia and Australian Capital Territory.

Over the long term, South Australia is the largest contributor to the strength by 0.6%.

Through the year, retail turnover in Australia rose 2.3% in August 2013, seasonally adjusted, compared to August 2012.

The trend estimate for Australian retail turnover was relatively unchanged in August 2013, which follows a rise of 0.1% in July 2013.Through the year, the trend estimate rose 1.7% in August 2013 compared to August 2012.