Oct
August Retail Sales Trends Still Upward
TREND ESTIMATES
The trend estimate of turnover for the Australian Retail and Hospitality/Services series increased by 0.6% in August 2007. This follows revised increases of 0.6% in both July and June 2007.
In August 2007, all states and territories had an increase in the trend estimate. The largest increase occurred in Queensland (+1.1%).
SEASONALLY ADJUSTED ESTIMATES
The seasonally adjusted estimate of turnover for the Australian Retail and Hospitality/Services series increased by 0.7% in August 2007. This follows revised increases of 0.8% in July 2007 and 1.6% in June 2007.
All states and territories had increases in the seasonally adjusted estimate. The largest increases occurred in the Australian Capital Territory (+2.2%) and Tasmania (+1.3%).
ORIGINAL ESTIMATES
In original terms, Australian turnover increased by 2.1% in August 2007 compared with July 2007. Chains and other large retailers (which are completely enumerated) increased by 1.1%, while the estimate for ’smaller’ retailers (the sampled units) increased by 3.5%.
Australian turnover increased by 8.3% in August 2007 compared with August 2006. Chains and other large retailers increased by 9.6%, while ’smaller’ retailers increased by 6.7%.
