Australian retail turnover rose in November
The latest Australian Bureau of Statistics (ABS) Retail Trade figures have shown a seasonally adjusted rise in Australian retail turnover of 1.2 per cent in November 2017.
This increase follows a 0.5 per cent rise in October 2017, and the data also showed an increase in liquor retailing and also café, restaurant and takeaway spending.
The ABS Director of the Quarterly Economy Wide Surveys, Ben James, said: “In seasonally adjusted terms, rises were led by the household goods (4.5 per cent) and other retailing (2.2 per cent) industries.
“Seasonally adjusted sales in both these industries are influenced by the release of the iPhone X and the increasing popularity of promotions in November, including Black Friday sales.”
In current prices, the trend estimate for food retailing rose 0.2 per cent in November 2017. The seasonally adjusted estimate was relatively unchanged (0.0 per cent).
By industry subgroup, the trend estimate rose for supermarket and grocery stores (0.1 per cent), liquor retailing (0.4 per cent), and other specialised food retailing (0.1 per cent). The seasonally adjusted estimate rose for liquor retailing (1.2 per cent), and other specialised food retailing (0.1 per cent), and fell for supermarket and grocery stores (-0.1 per cent).
In current prices, the trend estimate for cafes, restaurants and takeaway food services rose 0.4 per cent in November 2017. The seasonally adjusted estimate rose 0.4 per cent.
The trend estimate for Australian retail turnover rose 0.1 per cent in November 2017 following a rise (0.1 per cent) in October 2017. Compared to November 2016 the trend estimate rose 1.7 per cent.
Online retail turnover contributed 5.5 per cent to total retail turnover in original terms. This is the largest contribution to total retail turnover from online sales in the history of the online series.
In seasonally adjusted terms, all states rose. There were rises in Victoria (1.8 per cent), New South Wales (1.0 per cent), Western Australia (1.4 per cent), Queensland (0.7 per cent), South Australia (1.5 per cent), Tasmania (1.8 per cent), the Australian Capital Territory (1.2 per cent) and the Northern Territory (0.2 per cent).