Australian retail market surges, 0.4% up in June

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The Australian Bureau of Statistics released on August 2 its figures for retail turnouts for the month of June, tabulating the seasonally adjusted estimate of a 0.4% increase.

In trend terms, comparing Australia’s turnover in June 2019 from its 2018 counterpart, a significant 2.7% increase was posted.

Industries that rose in trend terms in June 2019 include Clothing, footwear and personal accessory retailing with a 0.6% increase; Food retailing with a 0.1% upgrade; Cafes, restaurants, and takeaway food services had 0.2% rise; Department stores with 0.2% soar; and other retailing that posted 0.4% rise.

Significant rise in June 2019 trend terms by territories were yielded in the bureau’s statistics: Queensland 0.4%, South Australia 0.3%, Victoria 0.3%, the Australian Capital Territory 0.4%, Tasmania 0.3% and Northern Territory 0.2%.

New South Wales and Western Australia did not change in trend terms in June 2019.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
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