Latest retail figures show economic scarring from lockdown | Canberra Times

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Canberra may be out of lockdown, but recent retail figures have revealed the economic scarring caused by Bush Capital’s second lockdown. Latest figures from the Australian Bureau of Statistics showed that ACT retail sales in September fell 12 per cent compared to the previous month. ACT’s performance stood in stark contrast to the national average, which rose 1.3 percent compared to August, spurred by higher spending levels in Queensland. Statisticians at the ABS flag ACT just two months before had achieved its biggest increase in retail revenue, with the fall from the top having fallen by 29.5 per cent. ABS director Ben James said it was the first monthly increase since the Delta eruption hit Australia. “Retail sales continue to vary from state to state, based on whether restrictions were imposed, removed or extended,” he said. “NSW also saw a 2.3 percent increase despite having lockdowns when some restrictions were eased or lifted. However, revenue for NSW remains 11.9 percent lower than May 2021, the month before the most recent lockdown began.” READ MORE NEWS: Retailing of clothing, footwear and personal accessories and spending on restaurants and takeaway food were the two best results. Both categories rose by 5.9 per cent, respectively. and 5 per cent. Household items rose 4.3 percent during the month, while department store spending fell 0.3 percent. Australian Retailers Association CEO Paul Zahra said the reopening from closures in the south-east of the country would lead to sugar consumption. “We see a lot of pent-up demand in the places where people come out again and enjoy their freedom,” he said. “Retailers have turned their attention to Christmas, which is a time when many discretionary retailers earn up to two-thirds of their profits.” Our journalists work hard to deliver local, up-to-date news to the community. Here’s how you can continue to access our trusted content:

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