Online retail sales continue to trend at high levels but growth rates have eased back year-on-year following strong Mother’s Day sales, the NAB Online Retail Sales Index for May shows.
Australians continue to spend big online with NAB latest Online Retail Sales Index showing yet another increase.
Following a weak level of spending in February, online sales growth rate in March was modest, according to the NAB Online Retail Sales Index.
Online retailer sales index was reportedly weaker in February, according to the NAB Online Retail Sales Index.
The NAB Online Retail Sales Index rose to 241 points in November.
Domestic retailers are driving a majority of online sales, which continues to pickup at record growth rates, the NAB Online Retail Sales Index for October reveals.
National Australia Bank's nline Retail Sales Index valued online sales in Australia in the year to July 2012 at $11.7 billion.
For the 12 months ending May 2012, Australia's total online spending was around $11.3 billion, according to the NAB Online Retail Sales Index.
Online sales were up 26 per cent year-on-year in February compared to 19 per cent in January, according to National Australia Bank's February online retail sales index.
While online sales have increased it only accounts for 4.9 per cent of total retail spending in Australia, according to National Australia Bank.