Retail turnover rises 0.6 per cent in May

Retail turnover rises 0.6 per cent in May

Australian retail turnover rose 0.6 per cent in May 2017, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures. This follows a rise of 1.0 per cent in April 2017.

In seasonally adjusted terms, there were rises in household goods retailing (2.2 per cent), clothing, footwear and personal accessory retailing (1.3 per cent), cafes, restaurants and takeaway food services (0.6 per cent), other retailing (0.6 per cent), and food retailing (0.1 per cent). These rises were offset by a fall in department stores (-0.7 per cent).

The rise in household goods was across all subgroups: electrical and electronic goods retailing (2.8 per cent), furniture, floor coverings, houseware and textile goods retailing (2.0 per cent), and hardware, building and garden supplies retailing (1.5 per cent).

In seasonally adjusted terms there were rises in New South Wales (1.3 per cent), Victoria (1.2 per cent), South Australia (0.8 per cent), Western Australia (0.3 per cent), Tasmania (1.2 per cent) and the Australian Capital Territory (1.0 per cent). There were falls in Queensland (-1.1 per cent) and the Northern Territory (-0.5 per cent) in May 2017.

The trend estimate for Australian retail turnover rose 0.3 per cent in May 2017 following a 0.3 per cent rise in April 2017. Compared to May 2016 the trend estimate rose 3.2 per cent.

Online retail turnover contributed 3.9 per cent to total retail turnover in original terms.

Winter sales better late than never: retailers

The Australian Retailers Association (ARA) said the positive trade figures released by the Australian Bureau of Statistics represent a better than expected trade in May with 3.82% total growth year-on-year.

ARA executive director Russell Zimmerman said the May retail trade figures illustrate a positive outlook for the industry as retailers head into winter.

“Retail figures have improved from April across the board with the cold winter snap driving consumers indoors,” Mr Zimmerman said.

Clothing Footwear and Personal Accessories figures have levelled out in May, showing a 3.76% increase year-on-year.

Household Goods (5.11%), Electrical (5.80%) and Furniture (8.62%) have seen the strongest year-on-year growth with many new electronic products launched to the public in late April.

Mr Zimmerman said the late arrival of cold weather might have had a positive effect on retail sales but some retailers are still not getting the sales volume they need due to the considerable amount of discounting happening across Australia.

“Although liquor has slowed down considerably as we move away from Easter, Supermarkets, Cafés Restaurants and Takeaway Food remain strong.”

May trade figures remained steady across the board with all states showing a stable growth. Australian Capital Territory (5.68%), Victoria (5.19%), South Australia (4.90%) and Tasmania (4.53%) lead the pack with modest year-on-year growth.

While New South Wales (3.93%) and Queensland (3.07%) also show a moderate year-on-year increase. Both Western Australia (0.98%) and the Northern Territory (0.62%) might trail behind the other state still show fairly stable figures.

“As we enter the colder months we will see retail growth remain strong, giving retailers breathing room in the tough trading environment,” Mr Zimmerman said.

“We look forward to seeing consumers take advantage of the end of financial year sales in June giving retailers another boost in sales.”

 

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