Australia - Real Retail Sales





Australia: Real Retail Sales

Mnemonic WRT$.IAUS
Unit Mil. Ch. FY 2019 AUD, SA
Adjustments Seasonally Adjusted
Quarterly 0.76 %
Data 2021 Q2 87,049
2021 Q1 86,391

Series Information

Source Australian Bureau of Statistics (ABS)
Release Retail Trade
Frequency Monthly
Start Date 9/30/1983
End Date 6/30/2021

Australia: Consumer

Reference Last Previous Units Frequency
Consumer Confidence Apr 2024 82.44 84.44 Index, SA Monthly
Personal Income 2023 Q4 17,716 17,579 Mil. Ch. FY 2022 AUD, SA Quarterly
Retail Sales Aug 2023 35,432 35,370 Mil. AUD, SA Monthly
Real Retail Sales 2021 Q2 87,049 86,391 Mil. Ch. FY 2019 AUD, SA Quarterly

Release Information

For Australia, survey-based estimates of the value of turnover of "retail trade" for businesses classified by industry and by geo (state and territory), with three analytic variants (trend, seasonally adjusted and original).

Combinations on Data Buffet: Monthly results at current prices, and quarterly results at constant prices; monthly results broken out by geo (state and territory), for the all-industries total only; monthly and quarterly results broken out by industry, for the country only.

Active / current prices / monthly:

  • Industry classification: ANZSIC 2006
  • Measurement: Millions of Australian dollars at current prices (Mil. AUD)
  • Adjustments:
    • Trend
    • Seasonally adjusted (SA)
    • Not seasonally adjusted (NSA)
  • Native frequency: Monthly
  • Start date: Uniformly 1982m4
  • Geo coverage:
    • Country
    • State/territory (IAUS_^^) - for all-industries total only
  • All concept-geo pairs exist: No

Active / constant prices / quarterly:

  • Industry classification: ANZSIC 2006
  • Measurement: Millions of Australian dollars at chained fiscal year 2022 prices (Mil. Ch. FY 2022 AUD)
  • Adjustments: Same as above
  • Native frequency: Quarterly
  • Start date: Uniformly 1983Q3
  • Geo coverage: Country

Predecessors:

  • FY 2021 prices - 1982m4 to 2022m8, 1983Q3 to 2023Q2 (archive specifier "_21")
  • FY 2020 prices - 1982m4 to 2022m8, 1983Q3 to 2022Q2 ("_20")
  • FY 2019 prices - 1982m4 to 2021m9, 1983Q3 to 2021Q2 ("_19")
  • FY 2018 prices - 1982m4 to 2020m8, 1983Q3 to 2020Q2 ("_18")
  • Pre-2008 methodology - 1982m4 to 2008m6 ("08")

Estimates of turnover are compiled from the monthly Retail Business Survey. About 500 'large' businesses are included in the survey every month, while a sample of about 2,700 'smaller' businesses is selected. The Survey is conducted monthly primarily by telephone interview although a small number of questionnaires are mailed to businesses.

The reference year is advanced each September issue and is currently 2018-19. Each year's data in the Retail chain volume series are based on the prices of the previous year, except for the quarters of the 2019-20 financial year which will initially be based upon price data for the 2017-18 financial year.

Trend series

The trend estimates are sometimes suspended in response to unusual influences, such as the Federal Government Economic Security Strategy Package (2008) and the COVID-19 pandemic (2020). In the notes to each monthly release, the source wrote:

The trend series attempts to measure underlying behaviour in retail activity. In the short term, this measurement will be significantly affected by changes to regular patterns in retail spending that will occur during the Coronavirus pandemic. If the trend estimates in this publication were to be calculated without fully accounting for irregular events, they would likely provide a misleading view of underlying retail activity.

The retail trend series was therefore suspended from February 2020, and now published only to June 2019. The trend series will be reinstated when more certainty emerges in the underlying trend in retail.

The seasonally adjusted variants are subject to revision (i.e., recurring update of seasonal factors).

For the quarterly variant, the currency reference year is advanced each year concurrent with Q3.

  • Sep 2005 - Initial version.
  • Sep 2008 - Change in methdology.
  • Nov 2020 - Advanced currency reference year to FY 2019.
  • Nov 2021 - Advanced currency reference year to FY 2020.
  • Nov 2022 - Advanced currency reference year to FY 2021.
  • 3 Nov 2023, Phillip Thorne - Advanced currency reference year to FY 2022: Properties.