Preliminary Retail turnover rises....>

AUSTRALIA DATA: Preliminary Retail turnover rises prelim 8.2% in March

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Aussie retail turnover rose prelim 8.2% in March 2020, seasonally adjusted, the

Australian Bureau of Statistics (ABS) said Weds. 

- Strongest seasonally adjusted rise recorded, surpassing increase of 8.1% per

cent in June 2000 when households brought forward expenditure ahead of the GST

implementation.

-Preliminary figures, which will be subject to revision with the final monthly

estimate published 6 May.

-ABS says data indicate unprecedented demand in March in the Food retailing

industry, with strong sales across supermarkets, liquor retailing and other

specialised food.

- Prelim monthly turnover doubled for products such as toilet and tissue paper,

and rice and pasta. Home offices also strong.

- Falls in industries including cafes, restaurants and takeaway food services,

and clothing, footwear and personal accessory retailing.