Black Friday and iPhone X sales drive 1.2 per cent rise in Australian Retail Sales

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Friday, Jan 12 2018

Black Friday and iPhone X sales drive 1.2 per cent rise in Australian Retail Sales

Australian retail turnover rose 1.2 per cent in November 2017, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures. This follows a 0.5 per cent rise in October 2017. In seasonally adjusted terms, rises were led by the household goods (4.5 per cent) and other retailing (2.2 per cent) industries," the Director of the Quarterly Economy Wide Surveys, Ben James, said. "Seasonally adjusted sales in both these industries are influenced by the release of the iPhone X and the increasing popularity of promotions in November, including Black Friday sales."

There were also rises for clothing, footwear and personal accessory retailing (1.6 per cent) and cafes, restaurants and takeaways (0.4 per cent). Department stores fell (-1.1 per cent) whilst food was unchanged in November 2017. The trend estimate for Australian retail turnover rose 0.1 per cent in November 2017 following a rise (0.1 per cent) in October 2017. Compared to November 2016 the trend estimate rose 1.7 per cent. Online retail turnover contributed 5.5 per cent to total retail turnover in original terms. This is the largest contribution to total retail turnover from online sales in the history of the online series.

More in this category: « US import prices increased by 0.1% Eurozone Industrial Production increased by 1.0% »

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