IDS

The Australian Bureau of Statistics (ABS) released its preliminary monthly aggregate estimates of retail turnover in Australia.

The figures from Australia Retail Sales showed that the seasonally adjusted estimate rose 1.6% ($460.5m) from September 2020 to October 2020.

Australia Retails Sales

Australia Retail Turnover Rose

It is also highlights that the seasonally adjusted terms, Australian turnover rose 7.3% in October 2020 compared with October 2019. Excluding Victoria, sales are 11.9% higher than October 2019. 

Australia Retail Sales

Cafes, restaurants and takeaway food services led the rises, although there were also rises for Other retailing, and Clothing, footwear and personal accessory retailing. Household goods retailing was relatively unchanged, maintaining recent strength. 

Victoria led the rises in all industries, except for Food retailing, as stores reopened throughout October. Victoria saw a rise of 5.2%, although it remains 5.7% below the levels of October 2019

NSW rose 1.6% after falls in August and September 2020. Western Australia led the rises in annual terms, with turnover 15.1% above October 2019.

Source: Australian Bureau of Statistics. (2020, November 20). Retail Trade, Australia, Preliminary. Australian Bureau of Statistics, Australian Government. Retrieved November 20, 2020. https://www.abs.gov.au/statistics/industry/retail-and-wholesale-trade/retail-trade-australia-preliminary/oct-2020