Australia Retail Trade -2.7% M/M in Dec

The December 2023 seasonally adjusted estimate:

• Fell 2.7% month-on-month.
• Rose 0.8% compared with December 2022.
• In volume terms, the seasonally adjusted estimate rose 0.3% in the December quarter 2023.
• Household goods retailing fell 8.5% (-$526.6m) in December.
• Clothing, footwear and personal accessory retailing fell 5.7% (-$173.3m).
• Department stores fell 8.1% (-$160.8m).
• Other retailing fell 1.1% (-$58.7m).
• Cafes, restaurants and takeaway food services fell 1.1% (-$60.2m).
• Total online retailing sales were $3,921.0m in December 2023, in seasonally adjusted terms. Seasonally adjusted online sales rose 1.6 per cent ($61.8m), following a rise of 2.8 per cent ($106.5m) in November 2023. Seasonally adjusted through-the-year sales are up 2.8 per cent ($105.0m).