Data: ABS - 8501.0 - Retail Trade, Australia
According to the ABS: “This publication presents estimates of the value of turnover of”retail trade" for Australian businesses classified by industry, and by state and territory. The 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 ‘large’ business’ contribution of approximately 69% of the total estimate ensures a highly reliable Australian total turnover estimate. Monthly estimates are presented in current price terms. Quarterly chain volume measures at the state and industry levels are updated with the March, June, September and December issues of this publication.
Turnover includes:retail sales; online sales from both store-based and non-store based retailers (except non-employing and non-resident businesses); wholesale sales; takings from repairs, meals and hiring of goods (except for rent, leasing and hiring of land and buildings); commissions from agency activity (e.g. commissions received from collecting dry cleaning, selling lottery tickets, etc.); and from July 2000, the goods and services tax."
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Our first figure presents the total retail turnover across the states and territories. The plot shows that despite the substantial decline in April due to national lockdowns, since June, retail turnover across all states and territories except Victoria has been higher than the last few years. Please notice that these trends are not adjusted for inflation.
The impact from the second wave of restrictions in Victoria as well as the recovery in November is visible in the plot. Let’s explore this further.
The impact of Stage 4 restrictions in Victoria are clearly visible in this data but the most recent data point for November provides an early indication of recovery after the restrictions were eased.