Tag: ABS

Despite a decision by the Reserve Bank to cut interest rates by 0.25 percent, retail turnover fell disappointingly flat in November, according to figures from the Australian Bureau of Statistics.

The jobless rate fell 0.9 percent last month, as the number of people unemployed decreased by 5,700.

With Christmas less than eight weeks away, retailers have received a much-need confidence boost with the Australian Bureau of Statistics (ABS) reporting retail turnover rose 0.4 percent last month.

Unemployment made a surprise fall last month, slipping 0.1 percent as the number of people employed in full-time and part-time work jumped.

Some good news has been spelled out in the latest Australian Bureau of Statistics (ABS) Retail Trade figures, with retail turnover rising 0.6 percent in August.

The jobless rate rose 0.1 percent last month to take unemployment to 5.3 percent, a 10-month high, despite widely held expectations the rate would remain steady.

Housing, food and transport now account for half of Australian’s household spending, according to a six yearly survey released by the Australian Bureau of Statistics (ABS).

Retail turnover rose a seasonally adjusted 0.5 percent in July, much to the relief of many small businesses, after registering consecutive falls in the two months previous.

Retail turnover fell a seasonally adjusted 0.1 percent in June, with turnover falling most sharply in Department stores and Household goods retailing.

Retail turnover fell a seasonally adjusted 0.6 percent in May, following a rise of 1.2 percent the month prior.