X

Australian retail showing slight recovery as turnover rose 1% in June

20120802042717fbef2 300x300 Retail Up 1%, Dept Stores Big Winner
Click to enlarge

This follows a rise of 0.8% in May 2012, the ABS said today.

A majority of industries contributed to the rise with department stores (3.4%) and food retail (0.9%) the main drivers of growth.

Turnover also rose in ‘Other retailing’ which includes CE and technology sellers (1.4%), Cafes, restaurants and takeaway food (1.0%) – the largest contributor to growth – and clothing, footwear and accessory retailing (1.8%).

The only sector to fall was household goods retailing (-0.2%).

Turnover rose in all states in June but New South Wales was the biggest contributor to the growth (1%) and is on its fourth consecutive monthly rise.

Retail turnover also rose in Queensland (1.2%), Victoria (0.9%), Western Australia (1.0%), South Australia (0.7%), Northern Territory (2.8%), Tasmania (1.0%) and the Australian Capital Territory (0.9%).

However, over the longer term, mining state Western Australia is still the strongest performing state (up 0.8% in trend terms), the Australian Bureau of Statistics confirmed.

The trend estimate for Australian retail turnover rose 0.5% in June and follows a similar rise of 0.5% in April and March 2012.

Australian Retailers Association (ARA) said the monthly boost in retail trade figures today could be attributed to consumers shopping for the colder weather and was welcome news for retailers.

The rise in consumer spending in particular at department stores in June could be attributed to the beginning of midyear sales, ARA Executive Director Russell Zimmerman said.

 

“We are encouraged by these figures and hope this is the start of a longer growth trend,” he added, but warned “we are still some way off the halcyon days of strong consistent growth.”

“It’s likely the Government’s cash stimulus and interest rate cuts had an impact on real disposable income however it is too early to assess the impact of the carbon tax as cost impacts are still to be fully felt” Zimmerman said.

However, there is still weakness in household goods while growth in department stores, clothing and footwear year on year sales are well overdue, he added.

Hisense KV BannerAd 728 90 Retail Up 1%, Dept Stores Big Winner
AU X8 Banner 728x90 Retail Up 1%, Dept Stores Big Winner
Uniden Channelnews SoloX July 2024 728x90 1 Retail Up 1%, Dept Stores Big Winner
appliance retailer leaderboard may 728x90 Hitachi updated Retail Up 1%, Dept Stores Big Winner
BlueAnt 4SQM PumpAirUltra 728x90px Retail Up 1%, Dept Stores Big Winner
Skullcandy 728x90 1 Retail Up 1%, Dept Stores Big Winner
BEL2535 BPB024 4SQ Banners 728x90 Retail Up 1%, Dept Stores Big Winner
Px7 S3 728x90 1 Retail Up 1%, Dept Stores Big Winner
Flick of a switch 728x90 1 Retail Up 1%, Dept Stores Big Winner
HAIER Series 600 FLW HPD Pairs 728x90 1 Retail Up 1%, Dept Stores Big Winner
GOTHAM 728px x 90px Retail Up 1%, Dept Stores Big Winner
MOTO 36331576 Q3 Ad Banners 728x90 2 Retail Up 1%, Dept Stores Big Winner
JBL TourPro3 728x90 Retail Up 1%, Dept Stores Big Winner
728x90 Retail Up 1%, Dept Stores Big Winner
ELX DIG Crosscat Promo 728x90 Mar25 Retail Up 1%, Dept Stores Big Winner
250527 SAV Channel news June25 Leaderboard 728x90 1 Retail Up 1%, Dept Stores Big Winner
728 x 90 Retail Up 1%, Dept Stores Big Winner
728x90 Retail Up 1%, Dept Stores Big Winner
Marshall 728x90 1 Retail Up 1%, Dept Stores Big Winner
FA 979 HN MDF SG14 14gen 728x90 1 Retail Up 1%, Dept Stores Big Winner
Westan 728x90px Retail Up 1%, Dept Stores Big Winner
ChannelNews AZ100 728x90 Retail Up 1%, Dept Stores Big Winner
MaxRanger4K Leaderboard 728x90 Retail Up 1%, Dept Stores Big Winner
Arlo July Promo Digital 728x90 2 Retail Up 1%, Dept Stores Big Winner


YOU MAY ALSO LIKE