ABS Reports Impressive 0.4% Rise In November Retail Sales

  • Jan 11, 2019 AEDT
  • Team Kalkine
ABS Reports Impressive 0.4% Rise In November Retail Sales

As per the official data released by the Australian Bureau of Statistics today, Australia has recorded a 0.4% seasonally adjusted (0.2% in trend terms) rise in Retail Sales for the month of November 2018. The positive data stands above the market expectation of 0.3% monthly growth.

The 0.4% November sales growth stands higher than 0.3% growth in October and 0.2% increase in September 2018. The Australian turnover reported a 3.6% rise in November 2018 compared with the corresponding month of the previous year.

The bounce back in retail sales seems to be supported by pre-Christmas spen ding. This turns out to be a boost to investor risk appetite at a time when market participants were digesting the November Trade Surplus Update released by ABS earlier this week. The Australian economy recorded a trade surplus of $1.925 billion in November 2018, below the market median expectation of $2.175 billion.

The data highlights 0.5% rise in November retail sales for the Clothing, footwear, and personal accessories retail sector, followed by Household goods retailing (0.4%), Food retailing (0.2%), and Cafes, Restaurants and Takeaway services retailing (0.1%).

The Bureau also released region-wise retail sales growth in trend terms. The Queensland and the Australian Capital Territory recorded 0.5% growth, followed by 0.4% growth in Victoria, 0.3% in Western Australia and 0.2% in South Australia and Tasmania for the month of November 2018. New South Wales and the Northern Territory experienced a fall of 0.1% and 0.6% respectively.

There is a lot of related news coming in for Australia’s retail sector. As per the Online Retail Sales Index data released by National Australia Bank (ASX: NAB) on Thursday, the Bank reported a 0.9 % seasonally adjusted increase in the Index as compared to 0.8% in the previous month.

The Fashion retailer, Noni B (ASX: NBL) recently announced a 140% increase in the sales of 1H19 as compared to 1H18, driving high on Black Friday Sale and year-end Christmas festivity spending. The company expects an EBITDA of A$ 29 million in 1H19 as compared to A$22.11 million in 1H18.

On the other hand, another major retail player, Kathmandu Holdings Limited (ASX: KMD) recently released its lower than expected financial results for the 22 weeks ended 30 December 2018 as suggested by 1% decline in same-store sales compared to the previous corresponding period.

Below is the performance of some of the retail stocks settling in green on ASX on 11 January 2019:

Small Cap retail player, Accent Group Ltd (ASX: AX1) reported a 4.18% jump in share price.

The shares of entertainment retailer, JB HI-FI Limited (ASX: JBH) soared by 2.42%, settling at A$21.55. The company’s share price has declined by around 16% over the last three months.

The stock of furniture retailer, Nick Scali Limited (ASX: NCK), zooms by 1.4% ending the day’s session at A$5.07, as compared to the previous close of A$5.00.

The consumer discretionary player with retail franchises, Domino's Pizza Enterprises Limited (ASX: DMP) is one of the top five significant gainers on ASX 200. DMP shares are up by 3.154% today.


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