ABS Update: Rise in retail turnover 

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The latest retail trade figures released from the Australian Bureau of Statistics (ABS) shows that Australian retail turnover rose 0.2% in September this year (seasonally adjusted). This follows a 0.4% rise in August.

September showed a mix of results at the industry level, with cafes, restaurants, and takeaway services rising 0.6%, and other retailing rising 0.8%. On the other hand, the retail turnover of department stores fell by 0.2%, and clothing, footwear, and personal accessory retailing fell by 0.5%. Household goods remained more or less the same.

Online retailer turnover made a contribution of 6.3% to the total retailer turnover in September this year, in comparison to a contribution of 5.6% in September 2018.

The trend estimate for Australian retail turnover rose 0.2% in September 2019, showing a steady increase following a 2.4% rise in August 2019. This is a drop compared to September last year, where the trend estimate rose by 2.4%.

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