Retail flat in October but Christmas spending to hit $32b

Retail turnover was unchanged in October 2012, with food retailing the only sector to experience an increase in the month. According to the latest figures from the Australian Bureau of Statistics, food retailing figures rose just 0.9 per cent, offset by revenue drops in the household goods, cafes, restaurants, department store and clothing sectors.

Long-term ABS figures indicate that food retailing is the strongest performing industry in Australia, up 0.5 per cent in trend terms.

On a state-by-state basis, the Northern Territory experienced the biggest increase in turnover (3.5 per cent), followed by a 1.2 per cent rise in Western Australia, which continues to be the strongest performing state over the longer term.

These figures come just as retailers head into the Christmas season, which is typically expected to boost consumption.

The Australian National Retailers Association has released figures predicting Australians will spend around $32 billion this Christmas, equating to roughly $1200 per person. Online spending with overseas retailers is expected to reach $1.5 billion this week.

Connect with us to receive updates throughout the day:

Like us on Facebok Follow us on Twitter

Dun and Bradstreet AustraliaTop of page Dun & Bradstreet Australia Pty Ltd 2015 | D&B Small Business    *About Us    *Sitemap    *Advertise    *Privacy    *Terms & Conditions