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MAY KEY FIGURES
MAY KEY POINTS
SEASONALLY ADJUSTED ESTIMATES
CHANGES IN THIS ISSUE
An appendix 'Contribution of Gambling to Retail Estimates' has been included in this issue with data updated to March quarter 2004.
There has been moderate trend growth for the last 16 months. While most states recorded moderate growth in May 2004, the rate of growth for all states was slower than the previous month.
There has been weak trend growth for the last five months. In May 2004, South Australia recorded moderate growth while Victoria, Queensland and Western Australia had weak growth. New South Wales recorded a small fall.
CLOTHING AND SOFT GOOD RETAILING
There has been weak growth in the trend estimate over the last five months. Over the last three months, strong growth in the Northern Territory and moderate growth in Victoria and Queensland have been partially offset by large falls in Western Australia and Tasmania. New South Wales has been flat.
HOUSEHOLD GOOD RETAILING
The rate of growth in the trend estimate has been declining since June 2003, with flat growth in May 2004. In the last three months, strong growth in Queensland and the Northern Territory and moderate growth in Western Australia have been offset by falls in the other states and the Australian Capital Territory.
RECREATIONAL GOOD RETAILING
The trend estimate has been flat or declining in each of the five months to May 2004. In May 2004, Queensland, South Australia, Tasmania and the Northern Territory recorded strong growth, with declines in the other states and the Australian Capital Territory.
The trend estimate continued to fall at a moderate rate in May 2004. Falls continued in New South Wales, Victoria, South Australia and the Australian Capital Territory. Queensland and Western Australia had moderate growth, although the rate of growth in Western Australia has been decreasing over recent months.
TOTAL RETAIL (excluding Hospitality and Services)
There was weak trend growth for Total retail (excluding Hospitality and services) in May 2004. The rate of trend growth has been similar to that of Total industries (including Hospitality and services) for the last six months.
HOSPITALITY AND SERVICES
There has been moderate trend growth in each of the six months to May 2004. This follows strong growth in each of the six months to November 2003. In May 2004, strong growth continued in New South Wales, South Australia and Tasmania. Queensland and the Australian Capital Territory continued to decline, but these falls were smaller than in preceding months.
MONTHLY SEASONALLY ADJUSTED AND TREND ESTIMATES
NEW SOUTH WALES
May 2004 was the sixth consecutive month of weak trend growth. Over this period, Food retailing has had moderate growth and Hospitality and services has had strong growth. Household good, Recreational good and Other retailing have been in decline.
Trend growth weakened again in May 2004, continuing the slowing of growth evident since November 2003. Growth in Food retailing was moderate after strong growth in the preceding five months. In April and May 2004, Household good retailing, Recreational good retailing and Other retailing were in decline.
The rate of trend growth was moderate in May 2004. Over the last three months, Household good retailing and Recreational good retailing have had strong growth. Hospitality and services continued the falls of the past four months.
The rate of trend growth remained moderate in May 2004. There was continuing strong growth in Recreational good retailing and Hospitality and services. Food retailing, Department stores, and Clothing and soft good retailing recorded moderate growth, while Household good retailing and Other retailing fell.
The rate of trend growth remained moderate in May 2004. The falls in Clothing and soft good retailing and Recreational good retailing were offset by the weak growth in Department stores and moderate growth in all other industries.
The trend growth has been weak for the last six months. In May 2004, Hospitality and services and Recreational good retailing grew strongly, while Clothing and soft good retailing and Household good retailing were in decline.
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