Retail & Consumer Deals Digest
www.pwc.com.au/dealsdigest Retail & Consumer Deals Digest November 2016 Consumer confidence Latest Australian ABS trade rebounds from the sharp results decline 2 weeks ago The latest Australian Bureau of Statistics Consumer confidence bounced a sharp (ABS) Retail Trade figures show that 3.2% to 117.8 this week, entirely offsetting Australian retail turnover rose 0.6% in the decline over the previous two weeks September 2016 (seasonally adjusted), and remaining well above its long run following a rise of 0.5% in August 2016 average. and a relatively unchanged estimate (0.0%) in July 2016. According to ANZ Economist Felicity Emmett, despite the recent uncertainty The sectors contributing to the rising surrounding the US presidential election trend in the month of September 2016 and the subdued performance of global were: Cafes, restaurants and takeaway equity markets last week, consumer food services (0.9%), Clothing, footwear confidence has jumped back, more than and personal accessory retailing (0.2%), Food retailing (0.2%), Household goods Retail & Consumer Deals offsetting the decline over the previous Digest is a monthly bulletin couple of weeks. retailing (0.2%). Other retailing (0.0%) providing a consolidated view was relatively unchanged. Department However, weekly data has been of sector trends, deal activity stores (-0.3%) fell in trend terms in particularly volatile of late, but it appears and relevant news headlines September 2016. in the retail & consumer that concerns over the global outlook have sector. been largely offset by the ongoing solid On a state level, retail sales rose in trend If you'd like to join this performance of the domestic economy.
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