Many retailers in Australia may have experienced a slight rise in sales over April, with the Australian Bureau of Statistics (ABS) reporting a national increase in retail spending.
According to the ABS retail research, trade figures for the month of April rose by 0.2 per cent in seasonally adjusted terms.
This increase has been positively received by the retail industry after it experienced a decrease of 0.4 per cent in the month before.
Some of the largest contributors to the rise in spending were food retailing at 0.5 per cent; clothing, footwear and personal accessory retailing at 1.8 per cent; and restaurants and takeaway food at 0.5 per cent.
However, retailers in department stores may have suffered slightly over April as figures declined by two per cent. Department store retailers may see an increase in the coming months, with Australian National Retailers Association (ANRA) chief executive Margy Osmond stating that half-yearly sales may help to push numbers up.
Household retailing also experienced a small fall in retail figures, reporting a 0.6 per cent decrease.
This figure is expected to increase for May’s results, as the recent cash rate cut from the Reserve Bank of Australia is set to kick in and help households feel more confident about their finances.
“January and February figures were the best for a decade, then spending suffered a slight reverse in March with a fall of 0.4 per cent. April puts retail back on track, with this month’s small increase hopefully ensuring momentum in the months ahead,” said Ms Osmond.
Ms Osmond has attributed the increase in food retail spending to the large number of Australians that would have been dining out for the public holidays during April – such as Easter weekend where families may have been celebrating together.