Queensland’s Retail Sales Up in March: CCIQ

Tuesday 7 May, 2019 | By: Dan Petrie

Retail sales in Queensland rose 0.6% in March following a 1.4% gain in February according to the latest data released by the Australian Bureau of Statistics.

The Chamber of Commerce and Industry Queensland (CCIQ) notes that Queensland outperformed the national benchmark where headline retail sales rose 0.3% month on month following a slower rate of activity in New South Wales.

CCIQ Head of Media and Industry, Dan Petrie said a second consecutive month of growth for Queensland’s retail sector represented a very positive read and will provide a much-needed boost to state business sentiment more broadly.

“Cafes, restaurants and take away food services had a good month along with apparel where footwear and accessories sales rising 5% to 115 million over the same period.

“Hardware, building and gardening supplies fell on the month which would suggest housing activity remains somewhat constrained.

“Small businesses recording a second positive month of positive data will be a welcome relief for policy makers in terms of boosting both business and consumer confidence,” Mr Petrie said.

In an analysis of the ABS data, Queensland’s retail spend was $5.48 billion over the March period amounting to $64.8 billion over the 12 months.

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Dan Petrie
Media and Communications – Economy and Government
Chamber of Commerce and Industry Queensland
Ph No: 07 3192 0120 (Landline)
Dan Petrie -Mobile: 0408 919 767 
Email: dpetrie@cciq.com.au

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