Tag: Consumer Spending

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.

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 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.