November Sees Slight Rise In Retail Spending

X

Australian Bureau of Statistics (ABS) retail trade figures released today have revealed retail turnover rose a seasonally adjusted 0.1 per cent in November.The November figures follow a 0.4 per cent rise in October, while the launch of the iPhone 6 helped contribute to a 1.2 per cent rise in September.

Households goods retailing rose a seasonally adjusted 0.6 per cent, within which the seasonally adjusted estimate for electrical and electronic goods retailing fell 0.9 per cent, while department stores remained relatively unchanged.

Seasonally adjusted, Victoria (0.4 per cent), South Australia (0.4 per cent), the Australian Capital Territory (1.3 per cent), Tasmania (1.1 per cent), the Northern Territory (1.6 per cent) and Queensland (0.1 per cent) recorded rises in November, while New South Wales recorded a 0.2 per cent fall and Western Australia a 0.1 per cent fall.

The Australian Retailers Association (ARA) noted, that while November’s month-on-month growth was “disappointing”, year-on-year retail growth rose a seasonally adjusted 5 per cent, which it stated is “a positive sign for the retail industry”. 

The ARA and Roy Morgan predicted pre-Christmas sales figures of $45 billion (from 15 November to 24 December 2014), which ARA executive director Russell Zimmerman said retailers remain hopeful will be achieved. 

“We won’t be able to confirm the actual pre-Christmas spend until December retail figures are released next month,” Zimmerman commented.

“However, after speaking with retailers across the country, many reported a fairly slow start to Christmas sales in November due to the reluctance of consumers to start their holiday shopping early. As usual, consumers left most of their shopping until the last minute.”

4Square clarity ad 1 November Sees Slight Rise In Retail Spending
Leaderboard 728x90 November Sees Slight Rise In Retail Spending
Aspire Vero Banner Intel CCF 728x90 November Sees Slight Rise In Retail Spending
gtv r3 728x90 px November Sees Slight Rise In Retail Spending
220524 SAV 4square May leaderboard November Sees Slight Rise In Retail Spending
2 1 November Sees Slight Rise In Retail Spending
211112 4Square Banner Narrow TWE3B 2 November Sees Slight Rise In Retail Spending
ARL0546 Arlo Go 2 Banner 728x90px 72dpi V2 Marina November Sees Slight Rise In Retail Spending
BEL2221 4Square Magsafe 728x90 November Sees Slight Rise In Retail Spending
thumbnail G415 SmartHouse 728x60 November Sees Slight Rise In Retail Spending


YOU MAY ALSO LIKE