ABS Says Retail Trade Strong in April 2009

CONSUMERS spent $19.35 billion on household goods, clothing, and at cafes and restaurants in April, according to the latest retail trade figures from the Australian Bureau of Statistics.

The strong sale result comes after a steady fall in interest rates and petrol prices since last year, and two federal government stimulus packages announced in October, and February, which handed out $52 billion to Australian taxpayers.

Below is a summary of the April 2009 retail statistics, from the ABS:

 

AUSTRALIA

The seasonally adjusted estimate increased by 0.3% in April 2009. This follows an increase of 2.2% in March 2009 and a decrease of 2.0% in February 2009.
In original terms, Australian turnover decreased by 0.8% in April 2009 compared with March 2009. There was no percentage change for Chains and other large retailers (which are completely enumerated), while the estimate for ‘smaller’ retailers decreased by 2.3%. Australian turnover increased by 7.2% in April 2009 compared with April 2008. Chains and other large retailers increased by 10.4%, while the estimate for ‘smaller’ retailers increased by 2.0%.

INDUSTRIES

In seasonally adjusted terms, industries that had an increase in April 2009 were – Clothing and soft good retailing (+0.8%), Household good retailing (+3.9%) and Other retailing (+0.1%), while the Food retailing (-0.2%), Department stores (-2.8%) and Cafes, restaurants and takeaway food services (-0.5%) industries had a decrease.

STATES

In seasonally adjusted terms, the following states had an increase in retail turnover in April 2009 – New South Wales (+1.3%), Queensland (+0.8%), Tasmania (+0.5%) and the Australian Capital Territory (+0.9%). Victoria was virtually unchanged, while South Australia (-0.1%), Western Australia (-2.4%) and the Northern Territory (-4.6%) all decreased in April 2009.

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Marc Pallisco

Marc Pallisco

A freelance property writer and analyst, Marc is a co-founder of realestatesource.com.au.

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