Australia’s retail turnover increased 0.6% in September 2022

Australian Bureau of Statistics (ABS) has released monthly and quarterly estimates of turnover and volumes for retail businesses, including store and online sales.

Australian retail turnover increased 0.6% in September 2022. The increase during the month was the ninth consecutive rise, subsequent a 0.6% increase in August 2022 and a 1.3% increase in July 2022. This month’s increase was driven by the joint strength in the food industries.

Food retailing increased 1%, while cafes, restaurants, and takeaway food services grew 1.3%. Clothing, footwear, and personal accessory retailing increased 2% subsequent a huge drop of 2.3% in August 2022. Other retailing also increased 0.2%.

Household goods retailing fell 0.8%. It was a minor decrease after previous month’s large rise of 2.6%. The decline in September was softened by the release of new mobile phone models and is the 4th monthly fall in household goods retailing in the previous 6 months. Department stores dropped 0.4%.

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