Re­tail spend rises again

Townsville Bulletin - - NEWS -

RE­TAIL spend­ing in Aus­tralia has risen for a third straight month and is slightly higher than mar­ket ex­pec­ta­tions, of­fi­cial fig­ures show. Spend­ing rose 0.3 per cent in June to $ 26.15 bil­lion, ac­cord­ing to sea­son­ally ad­justed data from the Aus­tralian Bu­reau of Statis­tics.

The in­crease sur­passed mar­ket ex­pec­ta­tions of a 0.2 per cent lift and fol­lows a 0.6 per cent lift in May and a 1.0 per cent jump in April.

House­hold goods re­tail­ing rose 0.9 per cent while cloth­ing, footwear and per­sonal ac­ces­sory sales rose 0.8.

Cus­tomers also spent more on eat­ing out with cafes, restau­rants and take­away food re­tail­ers record­ing a 0.5 per cent in­crease, but depart­ment store sales fell 0.3 per cent.

ANZ econ­o­mist Jo Masters said re­tail sales vol­umes were up 1.5 per cent in the se­cond quar­ter, the fastest pace since the first quar­ter of 2013.

TEN YEARS: En­tropy owner Deb­o­rah La­touf with some of her prize prod­ucts. Pic­ture: EVAN MOR­GAN

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