Analysts were confounded, retailers bewildered – but todays launch of November retail sales data seems almost academic given were now well into January.
Official retail sales data released today showsAustralian retail sales at current prices was unchanged in November at a seasonally adjusted $20.933 billion, compared to $20.927 billion in October.
However, year on year, according to the Australian Bureau of Statistics (ABS), sales were up 3.1 per cent
Economists had been forecasting a rise of 0.3 per cent for the month.
Turnover rose in Other retailing (0.3 per cent) and Cafes, restaurants and takeaway food services (0.1 per cent), but was relatively unchanged in Food retailing and Household goods. Turnover fell in Clothing, footwear and personal accessory retailing (-0.4 per cent) and Department stores (-0.1 per cent).
Turnover rose in Queensland (up 0.5 per cent), NSW (0.3 per cent), WA (0.8 per cent), SA (0.2 per cent), Tasmania (0.4 per cent) and the NT (0.4 per cent). But it fell in Victoria (-1.1 per cent) and the ACT (-1.9 per cent).
Linda Smith walks her dog Rudy every day, but with the temperatures rising, and Rudy’s age, a simple walk takes a little more preparation than just grabbing the leash.
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