ONLINE RETAIL SALES INDEX

INSIGHTS, TRENDS AND CASE STUDIES

NAB Online Retail Sales Index (NORSI) slowed slightly in May (+1.2% mom s.a.) from stronger growth in April (1.6%). 12 months to growth was also slower in May, with sales up 17.2% compared to April’s 12 month to growth of 18.4%. While slowing, trend online retail sales is still much stronger compared to the same period a year ago.

The NAB Cashless Retail Sales Index gained 0.8% in May on a month-on-month basis, following a flat read in April (revised from -0.6%).

NAB Online Retail Sales Index (NORSI) accelerated in April (+1.4% mom s.a.) from stronger growth in March(1.1%).

The NAB Cashless Retail Sales Index was weaker in April, down 0.6% on a month on month basis in March.

In seasonally adjusted terms, at 0.9%, online retail sales accelerated in March. The 12 months to growth rate is however a bit slower.

Insights into the mindset of Australian consumers – anxieties around future spending and savings plans, household finances, the economy, financial concerns & how these are impacting spending behaviours and levels of financial hardship.

The NAB Cashless Retail Sales Index grew 1.2% on a month on month basis in March – slower than January or February.

NAB Online Retail Sales Index (NORSI) slowed in February  (+0.8% mom s.a.) from stronger growth in January (1.6%).

The NAB Cashless Retail Sales Index continued to improve into February, a welcome trend after the weak sales experienced at the end of 2018.

NAB Online Retail Sales Index (NORSI) rebounded strongly in January (+1.5% mom s.a.) from a revised contraction (-1.8%) in December.

The NAB Cashless Retail Sales Index shows improvement in January following a weak December.

NAB’s Consumer Anxiety Index* was basically unchanged in Q4 2017 at near survey lows with job security causing Australians the least stress, consistent with a strongly improving labour market.

In seasonally adjusted terms, at -2.2%, online retail sales contracted in December, the largest since November 2014. Looking through the month to month volatility, while the trend is still positive, it has again slowed.

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