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"Australian retail turnover rose 8.2%.....>

AUSTRALIA
AUSTRALIA: "Australian retail turnover rose 8.2% in Mar '20, seasonally
adjusted, according to preliminary retail trade figures released today by the
Australian Bureau of Statistics (ABS). This is the strongest seasonally adjusted
rise ever published in the Retail Trade publication, surpassing an increase of
8.1% in June 2000 when households brought forward expenditure ahead of the GST
implementation. These preliminary figures, which will be subject to revision
with the final monthly estimate published 6 May, indicate unprecedented demand
in March in the Food retailing industry, with strong sales across supermarkets,
liquor retailing & other specialised food. Additional analysis indicates monthly
turnover doubled for products such as toilet & tissue paper, and rice & pasta.
In addition to food retailing, sales were also strong in retail industries
selling items related to home offices. The rises were slightly offset by strong
falls in industries including cafes, restaurants & takeaway food services, and
clothing, footwear & personal accessory retailing, which were impacted by new
social distancing regulations. Future prelim retail turnover estimates will be
published ~2 weeks prior to the advertised release of Retail Trade"
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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