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Date: 30/03/2006
Author: J.C. Finance
Author Email: team@jcfinance
Publication: News.com.au
Signs of health in retail sector

The moribund retail sector may be finally starting to pick up with new figures showing a 0.7 per cent lift in retail turnover in February.
The Australian Bureau of Statistics also revised up its January and December estimates for retail trade (to 0.9 per cent and 0.6 per cent respectively), suggesting the sector was returning to health.

Almost all sectors recorded increases during the month.

Other retailing led the charge, up 1.8 per cent, while increases were also recorded for food retailing (0.6 per cent), department stores (0.9 per cent), clothing and soft goods (1.3 per cent), household goods (0.4 per cent), and hospitality (0.7 per cent).

The only fall was in recreational goods retailing which dropped 1.9 per cent.

There were large increases in turnover in Western Australia (1.9 per cent), Queensland (0.8 per cent) and South Australia (0.8 per cent).

NSW and Victoria both recorded 0.5 per cent improvements, while turnover was up 0.4 per cent in Tasmania.

The only falls were in the Northern Territory (down 0.1 per cent) and the ACT (down 0.6 per cent). ions of a 1.3 per cent increase.

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