Retail sales rebound

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August ABS retail sales are out and show a little improvement coming in 0.4% seasonally adjusted, driven largely by a rebound in department stores. Category details below.

FOOD RETAILING

In current prices, the trend estimate for Food retailing rose 0.1% in August 2013. The seasonally adjusted estimate rose 0.1%. By industry subgroup, the trend estimate rose for Supermarkets and grocery stores (0.1%), Liquor retailing (0.3%) and Other specialised food retailing (0.1%). The seasonally adjusted estimate rose for Other specialised food retailing (0.6%) and Liquor retailing (0.4%) and was relatively unchanged for Supermarkets and grocery stores (0.0%).

Graph: Food retailing

HOUSEHOLD GOODS RETAILING

In current prices, the trend estimate for Household goods rose 0.2% in August 2013. The seasonally adjusted estimate fell 0.6%. By industry subgroup, the trend estimate rose for Hardware, building and garden supplies retailing (0.6%) and Electrical and electronic goods retailing (0.2%) and fell for Furniture, floor coverings, houseware and textile goods retailing (-0.2%). The seasonally adjusted estimate fell for Electrical and electronic goods retailing (-1.3%) and Furniture, floor coverings, houseware and textile goods retailing (-0.7%) and rose for Hardware, building and garden supplies retailing (0.4%).

Graph: Houshold goods retailing

CLOTHING, FOOTWEAR AND PERSONAL ACCESSORY RETAILING

In current prices, the trend estimate for Clothing, footwear and personal accessory retailing rose 0.5% in August 2013. The seasonally adjusted estimate rose 0.3%. By industry subgroup, the trend estimate rose for Clothing retailing (0.6%) and Footwear and other personal accessory retailing (0.3%). The seasonally adjusted estimate rose for Clothing retailing (0.5%) and was relatively unchanged for Footwear and other personal accessory retailing (0.0%).

Graph: Clothing, footwear and personal accessory retailing

DEPARTMENT STORES

In current prices, the trend estimate for Department stores fell 0.9% in August 2013. The seasonally adjusted estimate rose 6.4%.

Graph: Department Stores

OTHER RETAILING

In current prices, the trend estimate for Other retailing fell 0.3% in August 2013. The seasonally adjusted estimate fell 0.2%. By industry subgroup, the trend estimate fell for Newspaper and book retailing (-1.5%), Pharmaceutical, cosmetic and toiletry goods retailing (-0.3%) and Other recreational goods retailing (-0.1%) and was relatively unchanged for Other retailing n.e.c. (0.0%). The seasonally adjusted estimate fell for Other retailing n.e.c. (-2.6%), was relatively unchanged for Pharmaceutical, cosmetic and toiletry goods retailing (0.0%) and rose for Other recreational goods retailing (4.6%) and Newspaper and book retailing (1.4%).

Graph: Other retailing

CAFES, RESTAURANTS AND TAKEAWAY FOOD SERVICES

In current prices, the trend estimate for Cafes, restaurants and takeaway food services rose 0.2% in August 2013. The seasonally adjusted estimate rose 0.4%. By industry subgroup, the trend estimate rose for Takeaway food services (0.2%) and Cafes, restaurants and catering services (0.1%). The seasonally adjusted estimate rose for Takeaway food services (1.1%) and fell for Cafes, restaurants and catering services (-0.2%).

Graph: Cafes, restaurants and takeaway food services

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.