Australian preliminary retail turnover up 2.4% in JuneChristian Fernsby ▼ | July 22, 2020
Australian retail turnover rose 2.4 per cent in June 2020, seasonally adjusted, according to preliminary retail trade figures released by the Australian Bureau of Statistics (ABS).
Seasonally adjusted Australia airport
Rises in June 2020 were led by cafes, restaurants and takeaway food services, and clothing, footwear and personal accessory retailing. While some restrictions on trade remained in June, many businesses in these industries saw a full month of trade, having been closed for the first week of May 2020. Turnover in these industries remained below the levels of June 2019.
Food retailing saw a minor rise of 0.9 per cent, with a rise in supermarkets and grocery stores offset by a fall in liquor retailing. Levels in supermarkets and grocery stores remained elevated, with evidence of stockpiling occurring at the very end of June, particularly in Victoria.
Household goods retailing fell in June 2020, however this industry continued to trade significantly above the levels of June 2019. Department stores fell 12 per cent following a large rise in May. ■