Retail Trade for August rose just 0.1% seasonally adjusted.
The flat result was below expectations of market economists who predicted a 0.4% gain.
The ABS said:
The latest ABS Retail Trade figures show that Australian retail turnover rose 0.1 per cent in August 2014 following a rise of 0.4 per cent in July 2014, seasonally adjusted,
In seasonally adjusted terms the largest contributor was other retailing (1.6 per cent) followed by food retailing (0.3 per cent), cafes, restaurants and takeaway food services (0.2 per cent) and clothing, footwear and personal accessory retailing (0.3 per cent). The industries which fell were department stores (-2.9 per cent) and household goods retailing (-0.8 per cent).
In seasonally adjusted terms the states which displayed rises were Victoria (0.7 per cent), Northern Territory (1.7 per cent) and Western Australia (0.1 per cent ), whilst South Australia and Tasmania were relatively unchanged (0.0 per cent). The states which displayed falls were Queensland (-0.6 per cent), New South Wales (-0.1 per cent) and the Australian Capital Territory (-0.4 per cent).
The trend estimate for Australian turnover rose 0.2 per cent in August 2014 following a rise of 0.2 per cent in July 2014.
We’ll have a full break down of what this means on Business Insider Australia soon.