Australia: retail sales grow 1.2% in September 2014

Wednesday 5 November 2014 14:46 CET | News

In September 2014, retail sales in Australia grew 1.2% despite market expectations for a rise of 0.3%, according to data issued by the Australian Bureau of Statistics, reports.

Spending on household goods drove the turnaround, climbing 4.1% and electrical and electronic goods retailing grew by 9.2%, largely due to the release of the Apple iPhone 6.

Spending on cafes, restaurants and takeaway food was also significantly higher, climbing 2%, and the department store sales grew by 1.3%. Clothing rose by 0.4% while other retailing fell 0.2%.

New South Wales led the states, spending 1.7% more than in August 2014 in seasonally-adjusted terms, with Victoria and Western Australia posting a 1.3% growth. The quarterly results also marked an improvement from the same period of 2013, as sales grew by 1% in September 2014.

On 3 November 2014, the National Australia Banks online retail sales index showed internet shopping growth by 12.8% in the year to September 2014, their fastest rate since March 2014. Online retail contributed 2.8% to total retail turnover in original terms.

However, in the US and UK retail sales fell 0.3% in September 2014, while German sales slumped 3.2%, their biggest drop since 2007 and French sales fell 0.8%.

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Keywords: Australia, retail sales, growth, September 2014, statistics, Australian Bureau of Statistics, Customers, merchants
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce