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ABS December retail trade: 0.5% up for Christmas, 5.6% overall
PEAK retail industry body the Australian Retailers Association (ARA) said the seasonally adjusted rise (0.5 percent increase) in monthly retail trade figures (month-on-month) reported today by the ABS followed a 0.7 percent rise in November 2013.
These results are a positive sign that pre-Christmas sales were slow yet steady, with higher expectations for the January post-Christmas sales.
Year on year retail growth also increased to 5.6 percent.
ARA Executive Director Russell Zimmerman said the 0.5 percent increase in monthly retail trade figures is a positive sign for the retail industry following previous weak Christmas sales. This is also an indication that some categories remain on a slow growth path and the need to fix the GST tax inequality caused by overseas purchases is imperative.
“It is essential that the government finally makes a decision to close the low value GST loophole. Australian retailers have been competing at a disadvantage for too long, and it is only fair that the closing of the GST loophole is made a priority.
“We are certainly expecting higher trade results in January, as there have been reports that the post-Christmas sales period was extremely successful, fuelled largely by booming Boxing Day sales.
“Anecdotally, a number of retailers I have spoken to since Christmas have been blown away by how enormous Boxing Day was and we expect this will be evident in January’s retail trade figures.
“It’s no surprise that food retailing (2.5%) and cafes, restaurants and takeaway food services (0.5%) were large contributors to the December results due to the warm weather and social events associated with Christmas parties, celebrations and end-of-year holidays.
“These rises were partially offset by falls in other retailing (-3.1 percent), clothing, footwear and personal accessory retailing (-2.1 percent) and household goods retailing (-0.2 percent) following a strong November.
“The ARA was also pleased to see turnover rise in New South Wales (0.9%), Victoria (0.6%), Queensland (0.2%), Tasmania (1.8%), Australian Capital Territory (1.3%) and Western Australia (0.1%) in December and very strong year on year sales,” Mr Zimmerman said.
MONTHLY RETAIL GROWTH (November 2013 – December 2013 seasonally adjusted)
Food retailing (2.5%),
Cafes, restaurants and takeaway food services (0.5%),
Department stores (0.3%),
Household goods retailing (-0.2%),
Clothing, footwear and personal accessory retailing (-2.1%), and
Other retailing (-3.1%).
Total sales (0.5%).
Tasmania (1.8%),
Australian Capital Territory (1.3%),
New South Wales (0.9%),
Victoria (0.6%),
Queensland (0.2%),
Western Australia (0.1%),
South Australia (-0.2%) and
Northern Territory (-1.5%).
Total sales (0.5%).
YEAR-ON-YEAR RETAIL GROWTH (December 2012 – December 2013 seasonally adjusted)
Cafes, restaurants and takeaway food services (10.4%),
Food retailing (6.8%),
Clothing, footwear and personal accessory retailing (5.5%),
Other retailing (3.8%),
Household goods retailing (3.3%), and
Department stores (-0.5%).
Total sales (5.6%).
Tasmania (8.0%),
Australian Capital Territory (7.2%),
New South Wales (7.2%),
Victoria (5.9%),
Queensland (4.8%),
South Australia (4.3%),
Western Australia (3.0%) and
Northern Territory (2.8%).
Total sales (5.6%).
Since 1903, the Australian Retailers Association (ARA) has been the peak industry body representing Australia’s $265 billion retail sector, which employs over 1.2 million people. The ARA ensures retail success by informing, protecting, advocating, educating and saving money for its 5,000 independent and national retail members throughout Australia.
Visit www.retail.org.au or call 1300 368 041.
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