The Australian Bureau of Statistics (ABS) data released today showed consumption as represented by the retail sales remained flat in September. Retail sales came-in at 0.0% m/m vs. 0.4% expected and -0.5% previous.
CURRENT PRICES
- The trend estimate was relatively unchanged (0.0%) in September 2017 following a relatively unchanged estimate (0.0%) in August 2017 and a relatively unchanged estimate (0.0%) in July 2017.
- The seasonally adjusted estimate was relatively unchanged (0.0%) in September 2017. This follows a fall of 0.5% in August 2017 and a fall of 0.3% in July 2017.
- In trend terms, Australian turnover rose 2.0% in September 2017 compared with September 2016.
- The following industries fell in trend terms in September 2017: Household goods retailing (-0.5%), Cafes, restaurants and takeaway food services (-0.1%) and Department stores (-0.1%). Food retailing rose (0.1%) and Other retailing (0.0%) and Clothing, footwear and personal accessory retailing (0.0%) were relatively unchanged in trend terms in September 2017.
- The following states and territories fell in trend terms in September 2017: Victoria (-0.1%), Western Australia (-0.3%), South Australia (-0.1%), the Australian Capital Territory (-0.2%), the Northern Territory (-0.2%), and Tasmania (-0.1%). New South Wales rose (0.1%) and Queensland (0.0%) was relatively unchanged in trend terms.
VOLUME MEASURES
- In volume terms, the trend estimate for Australian turnover rose (0.6%) in the September quarter 2017.
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