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DECEMBER KEY FIGURES

		Dec 06	Nov 06 to Dec 06
		$m	% change
Turnover at current prices
	Trend estimates	18 454.1	0.3
	Seasonally adjusted estimates	18 445.0	0.3

		Dec Qtr 06	Sep Qtr 06 to Dec Qtr 06
		$m	% change
Turnover, in volume terms
	Trend estimates	53 059.2	0.7
	Seasonally adjusted estimates	53 188.3	1.3

Monthly turnover, Trend estimates - % change

Quarterly turnover, in volume terms - Trend estimates

DECEMBER KEY POINTS


TREND ESTIMATES

• The trend estimate of turnover for the Australian Retail and Hospitality/Services series increased by 0.3% in December 2006. This follows increases of 0.4% in both November and October 2006.
• In December 2006, all states and territories had an increase in the trend estimate, except Tasmania (-0.2%).The largest increase occurred in Western Australia (+0.8%).

• The seasonally adjusted estimate of turnover for the Australian Retail and Hospitality/Services series increased by 0.3% in December 2006. This follows an increase of 0.2% in November 2006 and a revised increase of 0.8% in October 2006.
• Across the states and territories, New South Wales (+0.7%), Victoria (+0.3%), Western Australia (+0.7%) and the Northern Territory (+1.7%) had increases.

• In original terms, Australian turnover rose by 23.0% in December 2006 compared with November 2006. Chains and other large retailers (which are completely enumerated) rose by 30.1%, while the estimate for 'smaller' retailers (the sampled units) rose by 13.4%.
• Australian turnover increased by 5.1% in December 2006 compared with December 2005. Chains and other large retailers increased by 5.9%, while 'smaller' retailers rose by 3.8%.

• The trend volume measure of turnover increased by 0.7% in the December quarter 2006. This follows a 0.9% increase in the September quarter 2006. In seasonally adjusted terms, the volume measure increased by 1.3% in the December quarter 2006.

CHANGES IN THIS ISSUE

Quarterly Chain Volume data are shown in Tables 14 and 15 of this issue.

CHAIN VOLUME MEASURES

The impact of the continuing shortage in supply of bananas as a result of the damage from Cyclone Larry is reflected in the December quarter volume measures. The price of bananas fell during the December quarter but sales did not return to their usual level and this is reflected in the volume measures.

SAMPLING ERRORS

Standard errors for the Australian estimates (original data) for December 2006 contained in this publication are:

For more information see the Explanatory Notes, paragraphs 32-36.

INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Graham Phillips on Canberra (02) 6252 5625.