Retail has proved resilience according to the Australian Retailers Association (ARA), with the Australian Bureau of Statistics revealing year on year Retail Trade figure growth of 4.6 percent for August 2015.
It is the seventh month in a row of more than four per cent growth, with July 2015 retail sales showing 4.2 percent.
Year on year figures provide the most accurate measure of the sector’s performance and are the figures used by most retail businesses in their own reporting. Month on month growth for August 2015 over July 2015 was 0.4 percent.
Russell Zimmerman, ARA Executive Director, said the rise was the result of the tail end of winter sales, evidenced by the significant increases in department store and household goods sales.
“The half yearly sales period has triggered a flurry of activity which has provided a nice boost to the retail industry,” Mr Zimmerman said.
“Department stores, which have been experiencing yearly growth of around one to two percent for the past 12 months, have seen a 6.9 percent rise. This will be music to the department store chain’s ears, coming off the back of a long period of static growth.
“The household goods category has also been a beneficiary of the retail spending increases, recording the largest rise at 9.6 percent.
“Clothing, footwear and personal accessories has now seen six consecutive months of above average growth, indicating this category is back on track following an earlier lag in sales,” said Mr Zimmerman.
YEAR ON YEAR RETAIL GROWTH (July 2014 to July 2015 seasonally adjusted)
By category:
Food, 3.1 percent; household goods, 9.6 percent; clothing, footwear and personal accessories, 6.5 percent; department stores, 6.9 percent; other retailing, 2.3 percent; café restaurants, 3.5 percent and takeaway foods, 4.6 percent.
By state:
NSW, 6 percent; Victoria, 4.8 percent; Queensland, 3.7 percent; South Australia, 4.8; Western Australia, 3.1 percent; Tasmania, 2.8 percent; Northern Territory, -0.8 percent; and 4.8 Australian Capital Territory, percent.