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Australia Economy: 
Australia's Retail Sales Drop 0.1% in February
Author: 123jump.com Staff
123jump.com
Last Update: 8:46 AM EDT April 04 2008


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The seasonally adjusted estimate of turnover for the Australian Retail and Hospitality/Services series decreased by 0.1% in February 2008. This follows a revised decrease of 0.1% in January 2008 and a revised increase of 0.3% in December 2007. All states and territories except Victoria -1.6% and Western Australia -0.6% had increases in the seasonally adjusted estimate. The largest increases occurred in the Northern Territory, the Australian Capital Territory both +1.2% and Queensland +0.9%.

 
The following is an unedited transcript of the news release from the Australian Bureau of Statistics.


TREND ESTIMATES

The trend estimate of turnover for the Australian Retail and Hospitality/Services series increased by 0.2% in February 2008. This follows revised increases of 0.3% in both January 2008 and December 2007.
In February 2008, all states and territories had an increase in the trend estimate, except Queensland (-0.1%) and Western Australia (-0.3%). The largest increase occurred in South Australia and the Northern Territory (both +0.9%).

SEASONALLY ADJUSTED ESTIMATES

The seasonally adjusted estimate of turnover for the Australian Retail and Hospitality/Services series decreased by 0.1% in February 2008. This follows a revised decrease of 0.1% in January 2008 and a revised increase of 0.3% in December 2007.
All states and territories except Victoria (-1.6%) and Western Australia (-0.6%) had increases in the seasonally adjusted estimate. The largest increases occurred in the Northern Territory, the Australian Capital Territory (both +1.2%) and Queensland (+0.9%).

ORIGINAL ESTIMATES

In original terms, Australian turnover decreased by 7.5% in February 2008 compared with January 2008. Chains and other large retailers (which are completely enumerated) decreased by 10.0%, while the estimate for ''smaller'' retailers (the sampled units) decreased by 4.0%.
Australian turnover increased by 9.7% in February 2008 compared with February 2007. Chains and other large retailers increased by 11.9%, while ''smaller'' retailers increased by 6.8%.

Available at:

http://www.abs.gov.au/AUSSTATS/abs@.nsf/mf/8501.0?OpenDocument
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