Online Retail Sales Index: Indepth & Special report – July 2013
Australian online retail sales rose to $14.1 billion in the year to July 2013, a level that is equivalent to 6.3% of traditional retail spending.
In this release, we’ve introduced seasonal adjustment to our index for the first time. Retail data is highly seasonal – with sales peaking around the Christmas period. Seasonal adjustment allows us to make better month to month comparisons – for example, it highlights a slowdown in online sales growth between January and April this year, and acceleration in growth in recent months. The three month moving average growth rate was +3% in July (up from +1% in June).
We’ve also observed a trend of convergence over the last few months, with the growth rates for international and domestic sales, metropolitan and regional areas and major states all moving closely together. In particular, growth in Western Australia has slowed – moving from one of the strongest growing states to one of the weakest in July.
Our ‘Special Report’ also released today reveals traditional retailers have made some inroads in the online space but sales are dominated by Pureplay retailers (online only retailers), who account for 70% of total sales. This share has been relatively stable across 2013.
We hope you enjoy our latest insights into this rapidly evolving sector.
For further analysis download the full report.
- NAB Online Retail Sales Index: Indepth report – July 2013
- NAB Online Retail Sales Index: Special report – July 2013
For more information, call your NAB Relationship Manager or contact:
Group Chief Economist
National Australia Bank
+61 (0) 3 8634 2927
Retail Sector Head & Head of NAB Corporate NSW/ACT
+61 (0) 2 9237 1041
About the Author: NAB Group Economics
NAB’s Group Economics consists of a leading team of economists who provide accurate, timely and relevant updates on domestic, international and industrial economic trends. Headed up by the Group Chief Economist, Alan Oster, the team is comprised of three distinct departments: - Australian economics and commodities - International economics - Industry economics The team publish a wealth of content including reports, surveys, forecasts and indexes.