Tag Archives: retailturnover

Qld has lowest annual growth in retail turnover among States and Territories

Weak economic conditions in parts of regional Queensland, particularly the Townsville, Central Queensland and outback regions, have no doubt contributed to Queensland having the lowest through-the-year growth in retail turnover among States and Territories, according to May retail turnover data … Continue reading

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Qld retail trade grows strongly in March quarter – good sign economy is re-balancing post-mining boom

The latest retail turnover data released by the ABS today confirm my view that growing consumption spending will help offset the negative impacts of the end of the mining boom (see my speech on the end of the mining boom). … Continue reading

Posted in Retail trade | Tagged , , , , | 3 Comments

December sales provided some relief, but Qld retailers saw very low growth in sales over 2014

In seeking re-election, the Queensland Government was disadvantaged by the lacklustre economy, which was evident in many sectors, including retail. Estimates of retail turnover published yesterday by the ABS confirm that, while there was a December boost to sales (see … Continue reading

Posted in Retail trade | Tagged , , , | 2 Comments

Strong December sales needed after lean year for Queensland retailers

I’m looking forward to this morning’s Boxing Day sales in Brisbane CBD, which hopefully will live up to expectations of big crowds and high turnover, as historically low interest rates and lower petrol prices free up cash for discretionary spending … Continue reading

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Very little real growth in retail trade since financial crisis

Yesterday’s retail trade data for July from the ABS were disappointing and continue to show consumers are reluctant to spend. Indeed, in real terms (i.e. adjusting for inflation), there has been practically no growth in retail turnover since the financial … Continue reading

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Bunnings & Masters doing well, but clothing retailers struggling

Yesterday’s retail turnover data from the ABS were unimpressive and have added to the case for a rate cut by the RBA Board today, which is almost a certainty. Our sluggish retail turnover reflects both Australia’s high savings rate in … Continue reading

Posted in Macroeconomy, Retail trade | Tagged , , , , , , , , | 2 Comments