November 2015: Retail Sales Decrease By 0.6%
Retail sales in November 2015 decreased 0.6 per cent below the $86.0 million recorded in November 2014, according to the recently released Retail Sales Index.
“Four out of the seven sectors experienced declines in sales revenue. The all other store types sector registered the largest decrease in sales of 6.2 per cent. In contrast, motor vehicle retailers recorded the largest increase in sales of 20.7 per cent,” the report said.
“Returning residents declared overseas purchases valued at $6.5 million, up 8.3 per cent when compared to November 2014. This contributed to a combined local and overseas spending of $92.0 million.
“After adjusting for the annual retail sales rate of inflation, measured at 0.3 per cent in November, the volume of retail sales decreased 0.9 per cent. Excluding Sundays, there were 24 shopping days during the month, the same as November 2014.”
The full 2015 November Retail Sales Index is below [PDF here]:
