NAB’s Wellbeing Index rebounded solidly in the June quarter, after falling to its lowest point in the history of the survey. Pressures remain. But the effort required has eased.
Report
July 2, 2014
Online Retail Sales Index monthly update – May 2014
Online retail sales growth rebounded in May, after a small decline in April. Online spending totalled $15.3 billion in the past year. Groceries & Liquor and Electronic Games & Toys continued to strengthen while Daily Deals and Personal & Recreational Goods experienced negative growth
Online retail sales growth rebounded in May, after a small decline in April. Online spending totalled $15.3 billion in the past year. Groceries & Liquor and Electronic Games & Toys continued to strengthen while Daily Deals and Personal & Recreational Goods experienced negative growth during the month.
In the 12 months to May 2014, Australians spent $15.3 billion on online retail. This level is equivalent to 6.6% of spending at traditional bricks & mortar retailers as measured by the ABS (excluding cafés, restaurants and takeaway food, to create a like-for-like comparison) in the 12 months to April 2014.
- The NAB Online Retail Sales Index grew by 0.2% in May, after a small decline in April. Compared to a year ago, the online index is 5.1% higher. (see table below)
- Comparable sales growth at traditional retailers also slowed in April, to be at 0.1%, compared to 0.4% in March.
- The key drivers of the index have behaved quite differently this month. Groceries & Liquor and Electronic Games & Toys continued their strength from the previous month. On the other hand, Fashion, Department & Variety Stores and Homeware & Appliances have seen a weakened growth.
- Growth in Media has continued to drop, and has now fallen to its lowest level in history. Daily Deals and Personal & Recreational Goods experienced negative growth again this month.
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