Warmer-than-usual weather boosts retail sales in August: ABS
Warmer-than-usual weather helped to boost retail sales by 0.7 per cent in August.
The Australian Bureau of Statistics on Tuesday said this followed growth of 0.1 per cent in July, and 0.5 per cent in June.
“This year was the warmest August on record since 1910, which saw more spending on items typically purchased in spring,” ABS head of business statistics Robert Ewing said.
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By continuing you agree to our Terms and Privacy Policy.“This included summer clothing, liquor, outdoor dining, hardware, gardening items, camping goods and outdoor equipment.”
Across the country, retail turnover rose 0.4 per cent in WA, 0.7 per cent in NSW and 0.9 per cent in Victoria.
“While the eastern mainland states led the rises, most States and territories benefited from the earlier-than-usual spring temperatures,” Mr Ewing said.
“Although, some unseasonal rainfall over parts of Western Australia dampened sales slightly.”
As well as the warmer weather, she said there were a range of sales events in August, including AfterPay Day sales. The timing of Father’s Day on September 1 meant a large portion of related spending was also captured in August.
“We think the ongoing boost to real household disposable incomes from the tax cuts and cost-of-living measures will support a modest pick-up in spending ahead,” ANZ economist Madeline Dunk said.
