, Australia
Source: Pawel (Pexels)

Australia’s retail sales slip nearly 4% in December

This breaks 11 consecutive months of growth. 

Retail sales in Australia slipped 3.9% in December, the first time after 11 consecutive months of increases, the Australia Bureau of Statistics (ABS) reported. 

This followed a 1.7% rise recorded in November. 

“This is the first monthly fall in retail turnover for 2022, following eleven consecutive monthly rises. Retail turnover remains elevated at its sixth highest level in the series and was up 7.5% through the year,” Ben Dorber, ABS head of retail statistics, said.

“The large fall in December suggests that retail spending is slowing due to high cost-of-living pressures. Retail businesses reported that many consumers had responded to these pressures by doing more Christmas shopping in November to take advantage of heavy promotional activity and discounting as part of the Black Friday sales event.”  

Read more: Black Friday sales drive up Australia’s November retail turnover

Turnover fell in industries previously boosted by November Black Friday sales. Amongst these industries are department stores, which saw the largest fall (-14.3%). 

This is followed by clothing, footwear, and personal accessory retailing (-13.1%), household goods retailing (-7.8%), and other retailing (-4.6%).

Food retailing was the only industry to record a rise in December (+0.3%), whilst cafes, restaurants, and takeaway food services were relatively unchanged from November.

 

Follow the link for more news on

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Starbucks Korea opens high-tech store in Seoul
Its first reserve-only branch features AR art installations and a Mixology Bar.
Deliveroo Shopping for nonfood items launched in Singapore
Shoppers may now access beauty and pet care, and consumer electronics on the delivery app.
E-commerce
MR.DIY expands deep into Indonesia’s suburbs
The company has grown to more than 850 branches in just seven years.