The Australian Bureau of Statistics reported on Friday retail turnover was down 0.8 per cent in June, with department stores the hardest hit amid cost-of-living pressures.
The fall reverses the 0.8 per cent growth recorded in May and marks the biggest monthly decline since last December. "Retail turnover fell sharply in June due to weaker than usual spending on end of financial year sales," ABS head of retail statistics Ben Dorber said. Retail turnover was down in June, led by a five per cent fall at department stores. Picture: Daily Telegraph, Monique Harmer"This delivered a boost in turnover for retailers, but that proved to be temporary as consumers pulled back on spending in June.
Turnover at department stores fell five per cent, followed by the other retailing category and clothing, footwear and personal accessory retailing .Cafes, restaurants and takeaway food services turnover declined 0.3 per cent, after being the standout category in May with growth of 1.4 per cent. Retail turnover fell 0.8% in June with weaker than usual end of financial year spending. For more, visit
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