Australia retail sales - Nov 2014

Australian retail sales rose by 0.4% in October, beating expectations for no growth overall, with the annual rate of growth slowing to 5.67% from 5.84% in October.

Australia retail sales by volumes - Nov 2014

The lift, coming on the back of an upwardly-revised 1.32% gain in September, left monthly retail sales at a record high of $23.74b.

Australia retail sales by category - Nov 2014

Household good retailing, buoyed by rising house prices and, like September, the iPhone 6 launch, surged by 11.6% on year, displacing Cafes, Restaurants and Takeaway Food Services as the fastest growing component over the past 12 months. For the month department store sales rose 2%, the best of all categories, although sales still remain down on year.

Australia retail sales by region - Nov 2014

For the month South Australia recorded the fastest pace of sales growth at 1.2%, outpacing increases in NSW and Queensland of 0.7% and 0.4%.

Australia retail sales by region YY - Nov 2014

Unsurprisingly given house price growth, along with overall economic performance in the case of NSW, sales in NSW, Victoria and Queensland have grown the most over the past 12 months, recording gains of 9.8%, 6.1% and 4.8% respectively.

To see the full report from the ABS click here:

http://www.ausstats.abs.gov.au/ausstats/meisubs.nsf/0/9370420C0A33985ACA257DA30013D19B/$File/85010_oct%202014.pdf

 

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