Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Thursday, 5 November 2015

Retail trends

Retail

Seasonally adjusted retail trade turnover increased by 0.4 per cent to $24.5 billion, a steady result.


State versus state

The housing boom in Sydney and to a lesser extent Melbourne has persuaded consumers to loosen the old purse strings a bit in those two cities over the past year. 


That said, the retail surge does now seem to be softening in New South Wales now.


Industry trends

The retail winners from higher asset values have included household goods over the past year, but again that mini-boom now seems to be fading.



It's seemingly not been much fun for department stores this month, but Aussies should at least be looking good with spending on "threads and treads" up nicely over the past year. 


Eagle-eyed observers will have noted that September is the end of the third quarter, so it's worth noting for Q3 GDP that retail turnover in volume terms increased by 0.6 per cent for the three month period.