While online sales softened up in August, overall online sales were up to $14.2 billion in the last year, according to the latest National Australia Bank Online Retail Sales Index.
The year-on-year (yoy) rate went down to 14 per cent compared to 17 per cent yoy in May, the NAB Online Retail Sales Index for June shows.
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.
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.
Online spending dipped a little in December, according to the NAB online retail sales index.
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.
Compared with the previous month, the NAB Online Retail Sales Index edged a little lower in September.
While for most parts, the retail sector is doing it tough, online sales trend continue to remain robust as it was up 22 per cent year-on-year in August, according to the National Australia Bank online retail sales index.
NAB's online retail index shows online sales in Australia, which is worth $11.1 billion for the year to April, growth started to slowdown over the past year but it still continues to outpace traditional retail.
After a spike in February, growth in online sales eased in March, according to the National Australia Bank 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.