Discover how Australia’s small and medium businesses are doing more with less as we focus on the findings of the latest NAB SME Business Insights report.
Article
November 2, 2017
NAB Online Retail Sales Index, Quarterly Update: September 2017
Online sales contract in the month, also slower over the year.
Overview:
- In seasonally adjusted terms, at -0.6%, growth in online retail sales contacted in September, down from a considerably strong +1.4% in August.
- The revised estimate for trend online retail sales growth was 0.5%.
- In the 12 months to November, we estimate that Australians spent an estimated $23.4 billion on online retail – a level that is equivalent to around 7.6% of the traditional bricks and mortar retail sector (August 2017 – Australian Bureau of Statistics).
- In year on year terms (September 2017 v September 2016), online sales grew by 6.0%, down from the 10.2% year-on-year growth in August.
- While monthly sales growth of SMEs also contracted(-0.1%), this was more mild than their corporate peers.
For further details, please see the attached document.
