Thursday 1st September 2016 - 5:25 pm

Retail sales “flat” ABS

by Alan Thornhill

Retail sales were flat in July, according to figures the Bureau of Statistics published today.

 
The bureau also reported that new private capital spending continued to fall sharply in the June quarter.

 

But it said and that the number of working days lost through strikes – and other industrial disputes – rose over the past year.

 

 

The bureau said retail turnover did not change in July, although it had risen by 0.1 per cent in June.

 

It made this comparison on seasonally adjusted figures.

 

On the same basis, there were rises in food retailing (0.7 per cent), cafes, restaurants and takeaway food services (1.2 per cent), and other retailing (0.2 per cent).

 

Sales of clothing, footwear and personal accessories also rose by 0.3 per cent.

 

However department store sales fell during the month.
The bureau also said that, in seasonally adjusted terms, retail sales rose by 0.5 per cent in Queensland, South Australia and Tasmania while sales in WA rose by 0.3 per cent and those in the ACT increased by 1.2 per cent.
Sales in the Northern Territory rose by 0.4 per cent.

 

However these rises were offset by falls of 0.6 per cent in Victoria and 0.2 per cent in NSW.
The bureau also noted that private new capital spending fell by 5.4 per cent in the June quarter of this year and dropped 17.4 per cent from the level seen in the same quarter of last year.
These falls are generally associated with the end of the mining boom.
The bureau also noted that Australia lost 100.7 thousand working days through strikes, in the 12 months to the end of June.
That was up from 76.8 thousand working days in the previous 12 months.

 


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