Australian retailers witness improved turnover in September

Retailers throughout the country are experiencing positive income growth, according to new Australian Bureau of Statistics (ABS) data.

The ABS Retail Trade report shows that Australian retail turnover rose 0.4 per cent in September, seasonally adjusted, on the back of a 0.6 per cent increase the previous month.

Improvements were felt across all industries with household goods (one per cent), cafes, restaurants and takeaway food services (0.9 per cent), food retailing (0.2 per cent), clothing, footwear and personal accessory retailing (0.1 per cent) and department stores (0.1 per cent) showing higher turnover.

This represents a strong indication that SMEs may be gaining important momentum in the lead-up to Christmas.

The ACT was the best-performing state or territory with a turnover rise of 1.7 per cent, while NSW (0.6 per cent) and Queensland (0.5 per cent) also fared well.

Businesses at both ends of the scale - whether performing well or continuing to struggle under the current global economic climate - may see benefits to their bottom lines by changing gas suppliers to get the best deal available for their area.

A switching service can help an SME owner analyse the rates of various gas providers.

Posted by Callum Fleming