Posts tagged "ABS data retail"

December is shaping up to be a softer month for official retail sales numbers after consumers jumped on discounted goods in November and budgets were dried up by high living costs.

A 0.2% lift in retail sales was recorded by the ABS in August following a stronger 0.5% uptick in July and a 0.8% fall in June.

The retail sector shed more businesses on a net basis than any other industry sector last year, exposing a harsh environment for established traders and fresh entrepreneurs alike.

Despite ongoing lockdowns, Australian retail turnover rose 0.4% in May 2021 compared on a month-on-month basis and 7.7% on a year prior.