Australian Bureau of Statistics
1301.0 - Year Book Australia, 2003
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 24/01/2003
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As shown in table 21.5, the annual original chain volume measure of Australian total retail turnover increased from $116,549m in 1990-91 to $163,374m in 2001-02, an increase of 40% representing an average annual rise of 3.1%.
During this period, the strongest annual growth occurred in 1994-95 (6%). The three periods of weakest growth occurred in 2000-01 (0.2%), closely followed by 1992-93 (0.3%) and 1996-97 (0.4%). Growth of 5.3% was achieved in both 1999-2000 and the latest year, 2001-02. Growth in 2000-01 was considerably lower, but was affected by the unusual increase in the volume of goods sold prior to the introduction of TNTS on 1 July 2000 and the subsequent decline in the volume of goods sold.
The industry group representing the largest component of retail turnover in 2001-02 was food retailing with 39%. The next largest industry was hospitality and services with a 18% share of total turnover in 2001-02, followed by household good retailing with a 13% share of total turnover.
A comparison of the share of retail turnover held by the industry groups in 1990-91 and 2001-02 shows that two industry groups increased their shares, namely household good retailing by 4.6 percentage points and other retailing by 3.3 percentage points. In contrast, five industry groups decreased their shares, namely food retailing (-3.9 percentage points), hospitality and services (-2.6 percentage points), recreational goods (-1.3 percentage points), department stores (-1.0 percentage point) and clothing and soft good retailing (-0.5 percentage points).
The wholesale trade industry covers those businesses involved in the sale of new or used goods to businesses or to institutional (including government) users.
Along with the retail trade industry, the wholesale trade industry is a significant component of the Australian economy and provides a key indicator of economic activity.
As shown in graph 21.6, the quarterly trend chain volume measures of Australian total wholesale sales by private businesses reflected a downturn in the economy, with wholesale sales declining by 0.6% in the December quarter 1992 and 0.3% in the March quarter 1993. In 1994 all quarters recorded growth in wholesale sales, with the largest increase (5.4%) in the June quarter 1994. In 1996 growth in wholesale sales was lower and averaged 0.5% per quarter, but growth was stronger in both 1997 and 1998, with average quarterly growth of 2.3%. A break in the series occurred between the June and September quarters 1999 as a result of the inclusion of three significant privatised marketing authorities. After declining in the September and December 2000 quarters, the following five quarters from March 2001 to March 2002 recorded growth in wholesale sales averaging 1.5% per quarter.
The series rose from $31,276m in the March quarter 1992 to $50,050m in the June quarter 1999, an overall increase of 60% representing average growth of 1.6% per quarter. Following a series break between the June and September quarters 1999, wholesale sales by private business rose from $52,462m in the September quarter 1999 to $58,488m in the March quarter 2002, an overall increase of 12% representing average growth of 1.1% per quarter.
This page last updated 20 January 2006
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