Tag: Retail Turnover

Retail turnover fell during the all-important month of December, thanks to a sales slump in food retailing and cafes, restaurants and takeaway food services.

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.

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.

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.

The retail industry experienced some much needed growth in the month of January, off the back of extended retail sale periods, along with the Government’s December stimulus package.