SA retail trade outperforms nation
Retail trade in South Australia has out-performed the national trend over the past year.
ABS statistics released on Friday show retail trade increased by 0.9 per cent in SA in the quarter to May 2015, and was 5.8 per cent higher than for the same period in 2014.
Nationally, retail sales rose by 0.8 per cent in the same quarter and up was 4.4 per cent compared to a year earlier.
Analysis by the South Australian Centre for Economic Studies (SACES) notes that there had been a recent upswing in the performance of cafes, restaurants and takeaway food services, with a 5.4 per cent increase in turnover in the three months to May 2015.
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This made it the best-performing retail sector in the quarter, which takes in “Mad March”.
Over the year, though, the story was very different.
“In comparison, on an annual basis ‘cafes, restaurants and takeaway food services’ was the worst-performing retail sector with a 2.5 per cent decrease in turnover to May 2015,” SACES said. “This suggests the … sector has had improved turnover in recent months compared to the same time last year.”
Over the year, the best performing state or territory was the ACT, followed by South Australia.
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