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Australian Retail Turnover rise by 8.5% in March 2020

  • May 07, 2020 12:13 PM AEST
  • Team Kalkine

Australian Bureau of Statistics (ABS) released Retail Trade figures indicating seasonally adjusted Australian retail turnover at current prices rose 8.5 per cent in March 2020.

Gold MTF non-AMP

This follows a rise of 0.6 per cent in February, and a fall of 0.4 per cent in January 2020

In March, driven by the unprecedented demand, there were seasonally adjusted rises in March 2020 food retailing (24.1 per cent), household goods (9.1 per cent) and other retailing (16.6 per cent).

Meanwhile, the lockdown measures led to turnover fall in Cafes, restaurants, and takeaway food services (-22.9 per cent), Clothing, footwear, and personal accessory retailing (-22.6 per cent), and Department stores (-8.9 per cent) in March 2020, seasonally adjusted.

The seasonally adjusted estimate for Australian turnover in volume terms, rose 0.7 per cent in the March quarter 2020.

 


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