Retail in Asia

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Australia retail sales lift in November

Retail sales in Australia rose by single digits in November, pushed on by an increase in clothing, footwear and personal accessory sales, as well as department store sales, as locals dug deep ahead of the holiday period, according to official government data.

The Australian Bureau of Statistics (ABS) said that total retail sales for the month of November in Australia reached AUD 35.9 billion (USD 24.7 billion),  jumping 1.4% in November from October.

That was more than twice the median forecast of 0.6%, and October’s result was revised up sharply to a rise of 0.4% from an originally reported drop of 0.2%, according to Reuters.

The strength in demand was reflected in separate ABS data on consumer prices which showed annual inflation re-accelerated to 7.3% in November, after a surprise dip to 6.9% in October.

By category, clothing, footwear and personal accessory sales rose the most, up 6.4 percent, followed by department store sales, up 5.4 percent. Household goods retail sales increased 2.1 percent and other retailing rose 1.1 percent, while food retailing, and cafes, restaurants and food takeaway services both gained 0.1 percent, respectively.

Total online retailing sales were AUD 4.02 billion in November 2022, in seasonally adjusted terms.

Seasonally adjusted online sales rose 13 percent, following a fall of 0.5 percent in October 2022. Original sales in November grew by 25.6 percent with the increasing popularity of Black Friday driving the rise, the ABS concluded.