Australian retail turnover was unchanged in July: ABS
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The news: Australian retail turnover was unchanged in July, according to seasonally adjusted figures released by the Australian Bureau of Statistics (ABS).
The numbers: There was 0% growth in July followed increases of 0.5% in both May and June. Clothing, footwear and personal accessory retailing (-0.5%) had the largest fall, followed by department stores (-0.4%) and cafes, restaurants and takeaway food services (-0.2%).
Household goods retailing and other retailing were both unchanged (0%). The only industry that had a rise in July was food retailing, up 0.2%.
The context: Turnover results were mixed across industries with most recording a fall or flat result following rises in June. Retail turnover growth was mixed across the country with four states and territories seeing a rise while the remaining four fell.
ABS said that Western Australia continues to be the "standout", having risen for the seventh consecutive month, and up 4.6% compared to July 2023.
What they said: Ben Dorber, ABS head of retail statistics, said: “After rises in the past two months boosted by mid-year sales activity, the higher level of retail turnover was maintained in July".
“The fall in turnover for clothing and footwear retailers and department stores came after higher spending during recent mid-years sales events,” he said.
“Household goods retailers held onto large gains in turnover in recent months.”
The source: ABS media release
