Australian retail turnover rose 0.4 per cent in April 2018, seasonally adjusted, with cafes, restaurants and takeaways leading the rise assisted by an unusually warm April across much of Australia, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures.
This follows a relatively unchanged result (0.0 per cent) in March 2018.
"Cafes, restaurants and takeaways (1.3 per cent) led the rises" said Ben James, Director of Quarterly Economy Wide Surveys, "whilst there were also rises in other retailing (0.9 per cent), food retailing (0.3 per cent) and household goods retailing (0.7 per cent). The rises were partially offset by falls in clothing, footwear and personal accessories (-0.8 per cent) and department stores (-0.9 per cent)."
"While industries including Cafes, restaurants and takeaways can benefit from warm weather, there were likely negative impacts for some businesses in clothing, footwear and personal accessories and department stores."
In seasonally adjusted terms, there were rises in New South Wales (0.7 per cent), Victoria (0.3 per cent), Western Australia (0.7 per cent), Queensland (0.1 per cent), the Northern Territory (2.6 per cent), Tasmania (0.9 per cent) and the Australian Capital Territory (0.6 per cent). South Australia (-0.6 per cent) fell in seasonally adjusted terms.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.