ONLINE RETAIL SALES INDEX

INSIGHTS, TRENDS AND CASE STUDIES

Economic commentary

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After a weak mid-year period, online retail sales continued to grow in September, albeit at a more moderate pace than the significant growth rate recorded in August.

Economic commentary

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Online retail rebounds after two weak months with the largest spend category Homewares and Appliances being a key contributor, although sales growth for this category has been relatively weak over the past year.

Economic commentary

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Our NAB Online retail sales index data indicates that sales growth was negative in July 2019, following on from an almost flat result in June.

Online Retail Sales Index

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Our NAB Online retail sales index data indicates that sales growth was negative in June 2019, following on from strong growth in May.

Online Retail Sales Index

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Our NAB Online retail sales index data indicates a return to sales growth in May 2019, after considerable weakness in April.

Online Retail Sales Index

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The NAB Online Retail Sales Index contracted -3.8% in April on a month-on-month, seasonally adjusted basis.

Economic commentary

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The NAB Online Retail Sales Index rebounded strongly in March with sales growth of 1.7% month-on-month, after one of its worst growth rates in the series history in February.

Economic commentary

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It appears that broader weakness in retail is flowing through to online.

Economic commentary

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The NAB Online Retail Sales Index recorded -0.5% month-on-month contraction in January, following on from a -1.9% contraction in December.

Corporate and Institutional

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Low wage growth, high personal debt levels and a weakening housing market – particularly in Sydney and Melbourne – have made consumers reluctant to spend on non-essentials.

Economic commentary

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Online sales growth faster over the month, slower for the year.

Economic commentary

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The NAB Cashless Retail Sales Index gained 0.8% in October on a month-on-month basis, rebounding from a much weaker 0.2% in September.

Economic commentary

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In seasonally adjusted terms, at 0.3%, online retail sales slowed in September. The 12 months to growth rate is also slower.

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