Retailers across Queensland performed better in November than in any other state or territory, according to the latest data. Figures from the Australian Bureau of Statistics showed retail turnover edged forward 0.4 per cent nationwide during November, following a 0.6 per cent rise in the previous month.
Queensland’s impressive performance saw the state’s retailers enjoy a 0.8 per cent jump in earnings over the month. Victoria and New South Wales had the next highest contributions, reporting revenue increases of 0.5 and 0.2 per cent respectively.
According to the Chamber of Commerce and Industry Queensland (CCIQ), the results are encouraging for small businesses in the state. This trend not only sets a positive tone for 2016 but could also lead to organisations creating more jobs in Queensland.
CCIQ Director of Advocacy Nick Behrens said the November data is the strongest seen since January 2015. He added that Queensland retail turnover had climbed 3.7 per cent year on year.
“A lower Australian dollar has meant more Queenslanders holidaying at home, boosting retails sales. The jewel in the crown has been cafes, restaurants and food services recording the highest growth,” Mr Behrens stated.
“The outlook for Queensland retailers in 2016 looks bright, despite persistent global market volatility and a federal election that may curtail spending.”
Cyber Monday boosts sales
The Australian Retailers Association (ARA) said $24.8 billion went through the country’s tills in November. The primary drivers of increased spending included Cyber Monday, the Spring Racing Carnival and early Christmas shopping.
ARA Executive Director Russell Zimmerman said the encouraging November statistics could be an early indication of promising Xmas turnover. The festive season is typically the busiest time of the year for retailers.
The ARA and Roy Morgan Research predicted December earnings will approach $47 billion, indicating a 3.6 per cent rise in growth. Mr Behrens said Queensland’s retailers are already claiming that Christmas sales in 2015 were similar to the previous year’s results, meaning both are expected to improve on weaker sales experienced over the preceding three Christmases.
As retailers experience higher growth in Queensland, the sector is likely to begin providing more jobs in the state, which could benefit apprentices and trainees seeking opportunities. Last year, Mr Zimmerman claimed the retail industry is an excellent source of jobs. He added that roles exist across the sector, including sales, marketing, management and logistics positions.
By Leanne Macnamara, Public Relations Coordinator