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Retail Sales

IN Western Australia, seasonally adjusted retail sales (in current prices) increased by 1.5 per cent between May and June as a result of strong growth in sales in department stores. WA's retail sales increased by 5 per cent through the year to June 2003. Nationally, seasonally adjusted retail turnover increased by 1.1 per cent over the month and by 5.5 per cent in the 12 months to June 2003.

WA's seasonally adjusted volume of retail sales (excluding price changes) increased by 2.8 per cent in the four quarters to June 2003. The volume of sales rose by 1.9 per cent between March and June, more than offsetting the 0.6 per cent drop in the previous quarter.

Australia's seasonally adjusted volume of turnover increased by 3.6 per cent in the four quarters to June 2003. The volume of turnover increased by 1.9 per cent between the March and June quarters, and has risen in each of the 11 quarters since the post-GST dip in September 2000.

For the whole 2002-03 financial year WA's unadjusted retail sales were worth $16.9 billion, an increase of 5.5 per cent in nominal terms and 3.9 per cent in volume on 2001-02. Australia's yearly sales of $174.4 billion represented an increase of 6.4 per cent in value and 4.6 per cent in volume compared to 2001-02.

Source: ABS Cat. 8501.0

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