Australia - Real Retail Sales





Australia: Real Retail Sales

Mnemonic WRT$.IAUS
Unit Mil. Ch. 2018-19 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 Oct 2021 100.38 100.43 Index Long term avg=100, SA Monthly
Retail Sales Oct 2021 31,130 29,669 Mil. AUD, SA Monthly
Personal Income 2021 Q2 16,788 16,486 Mil. Ch. Jul18-Jun19 AUD, SA Quarterly
Real Retail Sales 2021 Q2 87,049 86,391 Mil. Ch. 2018-19 AUD, SA Quarterly

Release Information

For Australia, estimates of the value of turnover of "retail trade" for businesses classified by industry, and by state and territory. Trend, seasonally adjusted and original estimates are included for industry groups and states and Australia in current-price terms.

Active:

  • Industry classification: ANZSIC 2006
  • Measurements:
    • Millions of Australian dollars at constant fiscal year 2020 prices (Mil. FY 2020 AUD)
    • At current prices (Mil. AUD)
  • Adjustments:
    • Trend
    • Seasonally adjusted (SA)
    • Not seasonally adjusted (NSA)
  • Native frequencies:
    • Quarterly (constant prices)
    • Monthly (current prices)
  • Start dates:
    • Uniformly 1983Q3
    • Uniformly 1982m4
  • Geo coverage:
    • Country - full detail, current and constant prices
    • State/territory - total only, current prices only

Predecessors:

  • FY 2019 prices - 1983Q3 to 2021Q2
  • FY 2018 prices - 1983Q3 to 2020Q2
  • 2008 prices - 1982m4 to 2008m6

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.

Data are seasonally adjusted and subject to adjustments. The currency reference year is advanced annually.