The latest ABS Retail Trade figures show that Australian retail turnover rose 0.7 per cent in November 2013, seasonally adjusted, following a rise of 0.5 per...

The latest ABS Retail Trade figures show that Australian retail turnover rose 0.7 per cent in November 2013, seasonally adjusted, following a rise of 0.5 per cent in October 2013. Turnover rose in other retailing (2.1 per cent), cafes, restaurants and takeaway food services (2.2 per cent), clothing, footwear and personal accessory retailing (1.7 per cent), and household goods retailing (0.7 per cent). These rises were partially offset by a fall in department stores (-2.0 per cent) and food retailing (-0.1 per cent). Over the longer term, in dollar movements, cafes, restaurants and takeaway food services is the strongest contributor to growth (up 1.1 per cent in trend terms). Through the year, Australian retail turnover rose 4.6 per cent in November 2013, seasonally adjusted, compared to November 2012. (VIEW LINK)


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