Retail sales rise for the 4th month

The latest Australian Bureau of Statistics figure showed retail turnover rose 0.9 per cent in April 2022, reaching another record level.

Director of quarterly economy wide statistics, Ben James, said this is the fourth consecutive monthly rise in retail turnover this year following a 1.6 per cent rise in March 2022, a 1.8 per cent rise in February 2022 and a 1.6 per cent rise in January 2022.

“The strength in retail turnover is being driven by spending across the food industries. High food prices have combined with increased household spending over the April holiday period as more people are travelling, dining out and holding family gatherings,” Mr James said.

“There were strong rises in both food retailing and cafes, restaurants and takeaway food services. This is a contrast to the consumer behaviour previously seen during the pandemic, where these two industries would consistently move in opposite directions as outbreaks and restrictions either tightened or eased.”

Food retailing had the largest rise, up 1.9 per cent, followed by cafes, restaurants and takeaway food services (3.3 per cent), clothing, footwear and personal accessory retailing (3.1 per cent) and other retailing (0.5 per cent).

Two industries experienced falls in turnover this month, with household goods retailing falling by 2.7 per cent and department stores by 2.5 per cent.

NSW was the only state or territory to record a fall, down 0.3 per cent following last month’s strong result.

Queensland had the largest rise in retail turnover, up 1.6 per cent, as a further easing of public health restrictions saw the removal of density limits, as well as check-in and vaccination requirements to enter venues boosting trade.

Turnover also rose in Victoria (1.1 per cent), Western Australia (2.2 per cent), South Australia (1.4 per cent), Tasmania (2.0 per cent), the ACT (0.5 per cent) and the Northern Territory (0.7 per cent).