Retail trade increased slightly in April with hopes another interest rate cut will help the continuing pressure for retailers.
Despite a strong start earlier in the year, the retail industry has tumbled by 0.4 per cent in March.
Retail trade is starting to pick up with the latest ABS retail trade figures reveals.
The retail turnover figures for November have been described by retailers as disappointing.
A rate cut is now more crucial than ever for retailers with the ABS retail trade figures showing that Australian retail turnover was flat in October.
The 0.5 per cent retail turnover rise in September has been warmly welcomed by retailers.
Signs that consumers are spending is becoming more evident as retail turnover for August rises 0.2 per cent, according to the latest Australian Bureau Statistics (ABS) Retail Trade figures.
The ABS trade figures show that while brighter trade results of 1.2 per cent were achieved in June, they have flatlined in July with turnover falling 0.8 per cent, seasonally adjusted
The latest ABS retail trade figures show that retail turnover rose 1 per cent in June 2012, seasonally adjusted, following a rise of 0.8 per cent in May 2012.
Last month's retail turnover growth appear to have given the industry false hope after it slumped 0.2 per cent in April.
Signs of improvements are showing after the Australian Bureau of Statistics retail trade figures show that Australian retail turnover rose 0.9 per cent in March 2012.
The largest contributor to the rise was other retailing (1.8 per cent), which includes online retailers, followed by food retailing (0.3 per cent) and department stores (0.7 per cent).
The rise was driven by cafes, restaurants and catering services, which is a subgroup of cafes, restaurants and takeaway food services.
Following a 0.1 per cent rise in November 2011, the ABS has reported that retail trade figures for December, the most crucial month of trading, fell 0.1 per cent.
While the two interest rates cuts were welcomed with open arms by retailers at the end of last year it didn’t change the attitudes of consumers as the latest ABS retail trade figures show that retail turnover in November 2011 was flat.
Following a 0.4 per cent rise the previous month, the latest ABS retail trade figures show that retail turnover rose 0.2 per cent in October.
For the third month in a row, the ABS retail trade figures has shown signs of improvement with the Australian retail turnover rising 0.4 per cent in September 2011.
The ABS showsthat retail turnover is heading slowly towards an upward direction as retail trade figures has grown 0.6 per cent in August.
It appears that consumers are spending again as the Australian retail trade turnover rose 0.5 per cent in July 2011, following a 0.1 per cent fall in the previous month.
The industry turnover was highly affected by the turnover of department stores which fell -3.2 per cent.
Retail trade figures are up 1.1 per cent in April, seasonally adjusted, following a fall of 0.3 per cent the previous month, according to the ABS.
Retail trade figures released by the ABS has dropped 0.5 pr cent in March 2011 where the only positive turnover was seen in othing, footwear and personal accessory retailing up by a 0.1 per cent.
Both the ARA and the ANRA saidQueenslander's need for new household goods following the natural disasters of late December and January drove the 0.5 per cent growth in retail trade.
The January retail trade figures from the ABS show a turnover of 0.4 per cent, seasonally adjusted, following a rise of 0.2 per cent the previous month.
The latest retail trade figures from the ABS have confirmed that consumers continued to remain cautious during the crucial December period.
Released on Monday, figures revealed that Australian retail turnover rose 0.3 per cent in November 2010, seasonally adjusted, following a revised fall of 0.8 per cent last October.
In the ABS' latest retail trade statistics, the largest fall for the month was recorded in cafes, restaurants and takeaway food services which had dropped -4.8 per cent
The latest ABS Retail Trade figures show that Australian retail turnover rose 0.3 per cent in September 2010.