HomeFinanceEconomyRetail turnover rises, again

Retail turnover rises, again

With Christmas less than eight weeks away, retailers have received a much-need confidence boost with the Australian Bureau of Statistics (ABS) reporting retail turnover rose 0.4 percent last month.

This seasonally adjusted result of $20.9 billion follows on from a 0.6 percent rise in August.

Trend turnover rose 0.3 percent for the month to total $20.8 billion, following a rise of 0.3 percent in August and July.

Turnover rose in all industries, up 1 percent in household goods retailing, 0.9 percent in cafes, restaurants and takeaway food services, 0.3 percent in other retailing, 0.2 percent in food retailing, and 0.1 percent in clothing, footwear and personal accessory retailing as department stores.

Turnover rose 0.6 percent in New South Wales, 0.5 percent in Queensland, 1 percent in South Australia and the Northern Territory, 1.7 percent in the Australian Capital Territory, 0.8 percent in Tasmania, 0.1 percent in Western Australia.

Turnover in Victoria was relatively unchanged.

Lorna Bretthttp://www.dynamicbusiness.com.au
Lorna was Dynamic Business’ Social Web Editor in 2011/12. She’s a social media obsessed journalist, who has a passion for small business. Outside the 9 to 5, you’re likely to find her trawling the web for online bargains, perfecting her amateur photography skills or enjoying one too many cappucinos. You can follow her on Twitter @DynamicBusiness