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.

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  • 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: