Retail rises 0.3% in March

Retail rises 0.3% in March

Australian retail turnover rose 0.3 per cent in March 2019, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures.

This follows a 0.9 per cent rise in February 2019.

“Cafes, restaurants and takeaway food services (1.4 per cent) and Food retailing (0.4 per cent) led the rises,” said Ben Faulkner, director of quarterly economy-wide surveys. “Strength in food prices has contributed to rises, especially in supermarkets and grocery stores. Clothing, footwear and personal accessory retailing (1.2 per cent) and Household goods retailing (0.2 per cent) also rose. The rises were partially offset by falls in Department stores (-1.5 per cent) and Other retailing (-0.4 per cent)”.

In seasonally adjusted terms, there were rises in Victoria (0.7 per cent), Queensland (0.6 per cent), New South Wales (0.2 per cent), Tasmania (0.4 per cent), South Australia (0.1 per cent), and the Northern Territory (0.7 per cent). The Australian Capital Territory was relatively unchanged (0.0 per cent) and Western Australia (-0.7 per cent) fell in seasonally adjusted terms in March 2019.

The trend estimate for Australian retail turnover rose 0.3 per cent in March 2019, following a rise of 0.3 per cent in February 2019. Compared to March 2018, the trend estimate rose 3.0 per cent.

Online retail turnover contributed 5.7 per cent to total retail turnover in original terms in March 2019. In March 2018 online retail turnover contributed 5.1 per cent to total retail.

For the March quarter 2019, there was a fall of 0.1 per cent in seasonally adjusted volume terms. This follows a relatively unchanged (0.0 per cent) result in the December quarter 2018. The quarterly fall in volumes was led by Household goods retailing (-0.6 per cent), and Department stores (-1.2 per cent). Cafes, restaurants and takeaway food services (1.0 per cent), Other retailing (0.3 per cent), Food retailing (0.1 per cent), and Clothing, footwear and personal accessory retailing (0.3 per cent) all rose in seasonally adjusted volume terms.

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