Long run into federal election may dull retails' best start in four years

Long run into federal election may dull retails' best start in four years
SHARE
THIS



Retailers have experienced the best start in four years as sales jumped by 0.9% in January following a poor run into the Christmas period.

Figures from the Australian Bureau of Statistics show that retail turnover increased by 0.9% in the first month of 2012 after a 0.4% drop in December and 0.2% decline in November, seasonally adjusted.

Steve Allen, media analysts and principal of Fusion Strategy, said the retailers have started the year on a positive footing with the result “nearly twice the growth rate of last January”.

“But of course the January month had run before Prime Minister Julia Gillard had telegraphed a 7.5 month lead in to this year’s federal election,” Allen said.

“This may well subdue spending in the coming months as politics, policies and electioneering, no doubt become dirty and vicious.

“But at least we got one clear month in the sunshine.”

The rise in spending was driven out of ‘other retailing’ which grew by 2.6% with sales of household goods in second place with a growth of 1.3%.

Dining-in and takeaway sales posted a sales increase of 1%, clothing, footwear and accessory retailing added 0.7% and food retailing grew by 0.3%.

The joy was not felt by department stores which experienced a drop of 0.6%.

New South Wales drove the rise with a 1.3% increase followed by Tasmania with 1.4%, Northern Territory on 1.3% and Victoria with a 1% rise.

South Australia grew by 0.4% and Australian Capital Territory posted growth of 0.8%.

However Western Australia dropped 0.4%.  Over the longer term, Queensland is largest contributor to growth, up 0.3% in trend terms.

Please login with linkedin to comment

Latest News

AFR Remya Ramesh head of digital experience at Coles for BOSS Young Executive of the Year  Wednesday 16th June 2021 Photo by Eamon Gallagher
  • Media

AFR BOSS Names Winners Of 2021 Boss Young Executives Awards

In a year where ‘business as usual’ is anything but, AFR BOSS reveals six of Australia’s most inspirational and outstanding young leaders who excelled during the pandemic. The six have been crowned the 2021 BOSS Young Executives in the prestigious awards program, now in its 18th year. Run in conjunction with global leadership consulting firm […]

QMS Renews Contract With Manboom
  • Marketing

QMS Renews Contract With Manboom

On first inspection, B&T was hoping to bring you some manboobs news here. But as you'll see, it's a girdle-free read.

Marketing strategy on digital mobile platform - cross-device tracking programmatic advertising and multi targeting with laptop and mobile phone gadgets.
  • Technology

Index Exchange And MediaMath Join The Human Collective

HUMAN Security (formerly White Ops) today announced two new founding Human Collective members: Index Exchange and MediaMath. Together they participated in thought-provoking panel discussions during the recent IAB Tech Lab CTV & Video Advertising: Growing with Standards virtual event where they emphasized how important it is to work together in the fight against fraud on […]

by B&T Magazine

B&T Magazine
SCA Appoints Cathrine McVeigh To Head Of Audio Production And Operations
  • Media

SCA Appoints Cathrine McVeigh To Head Of Audio Production And Operations

SCA has announced the appointment of Cathrine McVeigh to head of audio production and operations. She will be part of the content leadership team. In the newly created role, McVeigh will oversee the creation of SCA’s new audio production and content operations hub and lead a combined team across the country to deliver a rapidly […]