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Retail Sales for most states and industries rise May 2009

July 7th, 2009

Category: Retail Business News

Australia May 2009 Retail Sales Good

Australia May 2009 Retail Sales Good

The figures for May 2009 Retail Sales have just been calculated by the Australian Bureau of Statistics (ABS) and they seem to be good news. For most industries and in most regions of Australia year on year sales for the month of May 2009 have risen and quite substantially.

Most regions rose
The news was pretty much the same for most of Australia: More Sales Volume. There was only one region that had a decline and that was a small 0.1% decline in Tasmania. New South Wales and the Northern Territories were flat for retail growth. The remainder of Australia saw growth in retail sales and at about twice the amount expected by the AAP.  4 Areas had over a 1% growth in sales and those regions were:  Queensland (+1.5%), SA (+1.8%), WA (+3.5%) and the ACT (+1.8%).

Most Industries Increased
According to the new report all industries had an increase in seasonally adjusted terms in May 2009 except for the Household Good sector which contracted 2%. Everything else increased and often by a large amount. Some of the leaders were Department stores with a 5.5% increase and Clothing and soft good retailing with a 2.9% increase.

Two Big Chains see Good Indicators
In this last month, two of the big chain stores are seeing strong sales. David Jones CEO Mark McInnes states that he is seeing a return of consumer confidence. Just this past Sunday McInnes stated that the Australian Government Stimulus and the return of more normal equities trading prompted a figurative sigh of relief in the markets. Another large chain chairman, Gerry Harvey, of Harvey Norman stated that they saw increases of at least 25% in the sales of notebook computers, plasma and LCD televisions in June.

People have feared doom and gloom and that is far from the case. The news is not bad and in fact is quite good in the retail sector and that is usually a good barometer for the economy as a whole. Some areas and sectors are clearly showing very strong growth.

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