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(CEP News) Sydney - The Australian Bureau of Statistics (ABS) announced that the seasonally adjusted estimate of turnover for the Australian Retail and Hospitality/Services industries increased 0.7% in May 2008. This follows a revised decrease of -0.1% in April 2008 and a revised increase of 0.3% in March 2008.
Industries recording an increase in the seasonally adjusted estimate were Food retailing (1.0%), Recreational goods retailing (2.2%), other retailing (3.1%) and hospitality (0.8%), while department stores (-0.8%), clothing and soft goods retailing (-0.3%) and household goods retailing (-1.0%) all suffered a decline in the seasonally adjusted estimate. All provinces and territories recorded an increase in the seasonally adjusted estimate. New South Wales at 0.5%, Victoria 0.6%, Queensland 1.2%, South Australia 1.0%, Western Australia 0.4%, Northern Territory 0.9%.and the ACT at 0.1%. Tasmania recorded the highest turnover change at 1.3%. New South Wales has again shown no change in the trend estimate for the past four months, although food, department stores, clothing, soft goods and hospitality have all either been in decline or have seen no change in the trend estimate. While again showing a decline in the trend estimate, Victoria has shown no change in the estimate for food retailing, after five months of weak growth. In Queensland, there has been weak trend growth for four months. Clothing, soft goods and hospitality services all showing a decline. After eight months of moderate growth, food retailing had weak growth in May. Household goods recorded two months of weak growth after the trend estimate had been in decline for five months. South Australia has seen three months of moderate trend growth, with other retailing now ecording 12 months of strong growth. However department stores, clothing, soft goods and recreational goods have recorded a decline in this month's trend estimate. In Western Australia, the trend has been weak during May with food, department stores and clothing all having weak to moderate growth. Household goods along with hospitality services suffered a decline in the trend estimate The island province of Tasmania now records five months of moderate trend growth. However, household goods and hospitality services both now record seven months of strong growth. Reported by Tim Stackpool. (
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