Thursday 2nd July 2015 - 12:37 pm

On-line sales:how they are going?

by Alan Thornhill

On-line retail sales eased by 0.1 per cent in May, according to the National Australia Bank.

The Bank said this was a significant slowdown on the 1.6 per cent trend growth seen in April.

However the bank added:” We estimate that online sales are now 9.0 per cent higher compared to a year ago.”

And it said that:” In dollar terms, we estimate Australians spent $17.1 billion on online retail in the 12 months to May 2015.

“This level is equivalent to 7 per cent of spending at traditional bricks & mortar retailers as measured by the ABS – excluding cafés, restaurants and takeaway food, to create a like-for-like comparison- in the 12 months to April 2015.” the Bank said.

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Alan Thornhill

Alan Thornhill is a parliamentary press gallery journalist.
Private Briefing is updated daily with Australian personal finance news, analysis, and commentary.

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