Australian retail sales broke a new record in the June quarter, despite high inflation pushing up prices across industries.
The growth in retail sales volumes in the June quarter was driven by the turnover in the cafes, restaurants, and takeaway foods services category, which jumped by 8.6 percent during the period.
Clothing, footwear, personal accessory retailing, and department store retailing also recorded robust rises of 3.9 percent and three percent, respectively.
“The top three retail industries in the June quarter were all hit hard during lockdowns,” Dorber said.
“Since the end of the Delta lockdowns, they have all continued to recover quickly, as they have returned to more usual trading conditions.”
Sales Drop For Household Goods and Food RetailingTwo industries experienced a fall in sales volumes in the June quarter, with household goods retailing reporting the most significant drop of 1.8 percent and food retailing dipping 0.8 percent.
“Cost of living pressures and increasing interest rates appear to be weighing more on sales volumes for household goods retailing, the industry where most high-priced discretionary items are sold,” Dorber said.
Among the jurisdictions, Queensland saw the most significant increase in retail sales volumes at 2.4 percent, followed by Tasmania at two percent, Western Australia and South Australia at 1.3 percent, Victoria at 1.2 percent, and New South Wales at 1.1 percent.
In contrast, the Australian Capital Territory’s retail sales volumes remained the same, while the Northern Territory’s dropped 0.2 percent, which was the third quarterly fall.