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Australian Retail Sales unchanged in July

Thursday, Sep 07 2017
Australian Retail Sales unchanged in July

In trend terms, the balance on goods and services was a surplus of $768m in July 2017, a decrease of $250m on the surplus in June 2017. In seasonally adjusted terms, the balance on goods and services was a surplus of $460m in July 2017, a decrease of $428m on the surplus in June 2017. In seasonally adjusted terms, goods and services credits fell $709m (2%) to $31,071m. Non-rural goods fell $631m (3%), non-monetary gold fell $330m (17%) and net exports of goods under merchanting fell $4m (15%). Rural goods rose $97m (2%). Services credits rose $159m (3%).

 

The trend estimate rose 0.3% in July 2017. This follows a rise of 0.4% in June 2017 and a rise of 0.4% in May 2017. The seasonally adjusted estimate was relatively unchanged (0.0%) in July 2017. This follows a rise of 0.2% in June 2017 and a rise of 0.6% in May 2017. In trend terms, Australian turnover rose 3.5% in July 2017 compared with July 2016. The following industries rose in trend terms in July 2017: Food retailing (0.2%), Other retailing (0.6%), Household goods retailing (0.4%), Cafes, restaurants and takeaway food services (0.4%), and Clothing footwear and personal accessory retailing (0.6%). Department stores (-0.3%) fell in trend terms in July 2017.

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