No signs of change in July as policy emphasises supply, domestic demand is subdued
Insight
August 2, 2018
NAB Online Retail Sales Index: June 2018
In seasonally adjusted terms, at 1.2%, online retail sales slowed in June. The 12 months to growth rate is also a bit lower.
- In seasonally adjusted terms, at 1.2%, online retail sales slowed in June. The 12 months to growth rate is also a bit slower.
- In the 12 months to June, Australians spent an estimated $26.5 billion on online retail.
- Sales growth accelerated (+1.2%) in month-on-month (mom) terms in June, down from May (+1.6%, mom, s.a.)
- Rapid growth in the Department and variety stores category continues a recent uptrend in that sector. Sales growth also continued in the largest spend share category, Homewares and Appliances, while Grocery and Liquor was the only category to record a monthly contraction in June.
- Domestic online retailer sales were up(+1.4% mom, s.a.) , while the International competition contracted slightly (-0.2% mom, s.a.)
- Online sales in all states and territories grew in the month with Tasmania (+3.5% mom, s.a.) recording the strongest growth in June.
- Monthly sales growth at SME retailers was slower than corporates in June.
For further details, please see the attached document:
