Australia: online shopping skyrockets

Tuesday 13 May 2014 14:40 CET | News

During the March 2013 - March 2014 interval, Australians spent USD 15.2 billion on online retail, according to the Online Retail Sales Index released by the National Australia Bank (NAB).

Online retail sales index grew 12.5% or by 244 points in the same interval, the index informs. Groceries and liquor registered the highest demand, whereas Department and Variety stores and fashion came next, according to the same report. Brick-and-mortar sales were also on the rising trend with 0.7% increase for February 2014.

Conversely, media, daily deals and personal and recreational goods recorded negative figures. Based on 2 million non-cash transactions per day, scaled up to replicate the broad economy, the NAB Online Retail Sales Index tracks online retail spending across sectors, demographics, locations and the breakdown of goods bought from domestic and international online retailers. The index is produced monthly and analysis is provided on a quarterly basis.

Check out our Cross-border Ecommerce Research section here for more info on specific ecommerce facts & figures, preferred payment methods, risk and fraud, as well as ecommerce legislation & regulation in Australia.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Australia, online shopping, NAB, online retail, brick-and-mortar, e-tailers
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce

Industry Events