8501.0 - Retail Trade, Australia, Mar 2014
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 07/05/2014
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MARCH KEY POINTS
CHANGES IN THIS ISSUE
Backcasting: In October 2013 we updated our stratification benchmarks. In December 2013 we signalled that this may result in a backcasting of data. This note is to advise that a backcast of the level shifts which resulted from the update of stratification benchmarks has now been completed. The consequence of this is that estimates from October 2009 onwards, in original terms, have been revised (with the exception of department stores).
Online Retail Turnover: This issue includes updated online retail turnover estimates for the February 2014 and March 2014 reference months. This series has also been backcast and estimates have been revised to reflect this. These estimates are located in the appendix of this publication.
Introduction of Retail Turnover Per Capita: Following recent interest, a new quarterly measure of total retail turnover per capita will be included in this publication. Whilst this first release is in original terms, future releases will include, original, seasonally adjusted and trend time series estimates in current price terms only. The derivation of these estimates will align with the derivation of GDP per capita in the Australian National Accounts: National Income, Expenditure and Product (Cat. no 5206.0) and Australian System of National Accounts (Cat. no 5204.0). Total Retail Turnover per capita estimates are the ratios of total quarterly Retail turnover to the Estimated Resident Population (ERP) as published in the Australian Demographic Statistics (Cat. no. 3101.0) or ABS projections based on current trend where not yet available. In original terms, the current price measure of total retail turnover per capita for the March quarter 2014 was $2798.20.
A revision has been applied in this issue to the original estimates for supermarkets and grocery stores retailing. A revision of +$57 million was applied to the January 2013 estimates as a result of updates to survey respondent information.
Revisions to seasonally adjusted estimates are due to revisions to original estimates as well as the concurrent methodology for deriving seasonal factors.
TIME SERIES DATA
Data available from the Downloads tab of this issue on the ABS website include longer time series of tables in this publication, the quarterly chain volume measures and the following additional current price monthly series:
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Amanda Biltoft on Sydney (02) 9268 4642.
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