Mixed Bag for Australian Retail Turnover in April 2024

Australia, Police

Article: Australian retail turnover experienced a slight increase of 0.

April 2024, following a 0.

March and a 0.

February, according to the latest data from the Australian Bureau of Statistics (ABS).

However, Ben Dorber, ABS head of retail statistics, cautioned that underlying retail spending remains weak, with a small rise in turnover not enough to offset the previous month’s decline.

The trend estimates from March 2020 to June 2022 were unavailable due to COVID-19 disruptions and volatility, making it difficult to interpret the underlying trend in retail activity.

Nonetheless, most non-food related industries saw a rise in turnover, with other retailing (+1.

Clothing, footwear, and personal accessory retailing (-0.

The different timing of Easter and school holidays across the country contributed to added volatility in turnover in March and April.

Food-related spending was mixed, with a fall in food retailing (-0.

Retail turnover growth was varied across the country, with New South Wales (+0.

South Australia (+0.

Turnover was relatively unchanged in April 2024 for Western Australia, Tasmania, and the Northern Territory.

More information on the April reference period will be released on 4 June 2024.