SunshineCoastRegionalReport2ndQtr2004

PRIVATE CONSUMPTION
RETAIL SALES


PRIVATE CONSUMPTION OVERVIEW

                            Retail sales is a key indicator of private household consumption. Seasonally adjusted retail sales grew by
                            13.1% in Queensland over the year to June 2004, higher than the 9.0% growth experienced throughout
                                                                             Australia.

                                                                                                            Retail Sales Statistics – June 2004
                                              RETAIL SALES                                                                    Queensland                                Australia
                                                                                                                             $m         Ann. % chg                     $m       Ann. % chg


                                              Food Retailing turnover                                                   1,255.2                    11.6           6,502.8                         8.3
                                              Department Store turnover                                                   244.8                    13.3           1,404.2                         9.2
                                              Clothing & Soft Good turnover                                               221.4                    15.5           1,052.3                         9.6
                                              Household Goods turnover                                                    472.2                    13.2           2,218.1                         6.0
                                              Recreational Goods turnover                                                 158.7                    30.3             678.4                        12.0
                                              Other Retailing turnover                                                    355.4                    10.5           1,696.1                         8.5
                                              Hospitality & Service turnover                                              566.1                    12.5           2,782.5                        12.7

                                              Total Turnover                                                            3,273.7                    13.1         16,334.5                          9.0

                                              Note: All figures are seasonally adjusted and, as such, the total turnover does not represent the sum of the turnover of the individual retail groupings.
                                              Source: ABS 8501.0, AECgroup




                                              Total Retail Sales Turnover
           $m                                                                                              $m
                                                       Seasonally Adjusted
 3,400                                                                                                    17,000
                                               Australia (RHS)        Queensland (LHS)
                                                                                                                    Queensland recorded seasonally adjusted retail sales of $3.3 billion in
                                                                                                          16,500
 3,200                                                                                                              June 2004, representing growth of 13.1% from a year earlier. By
                                                                                                          16,000
                                                                                                                    comparison, Australian retail sales were 9.0% higher at $16.3 billion.
 3,000                                                                                                    15,500
                                                                                                                    Around 38% of retail turnover is sourced through the food retailing sector
                                                                                                          15,000
 2,800                                                                                                              in Queensland, while the hospitality & service and household goods
                                                                                                          14,500
 2,600
                                                                                                                    sectors also strongly contribute to total retail turnover.
                                                                                                          14,000

 2,400                                                                                                    13,500

                                                                                                          13,000
 2,200
                                                                                                                    Growth in each of the retail industry sectors was also higher in
                                                                                                          12,500
                                                                                                                    Queensland than that experienced throughout Australia. Strong growth
 2,000                                                                                                     12,000
     Jun-01                          Dec-01        Jun-02        Dec-02     Jun-03       Dec-03       Jun-04
                                                                                                                    was recorded in recreational goods retailing as well as in clothing and soft
                                                                                                                    goods retailing in Queensland.


                                      Growth in Total Retail Sales Turnover
                                                         Seasonally Adjusted
                            15
                                                            Queensland      Australia
                                                                                                                    Annual growth in retail sales in Queensland has exceeded growth in
                            12                                                                                      Australian retail sales over the past two years, emphasising the relative
 annual % change, monthly




                                                                                                                    strength in Queensland private consumption. Analysis of the trend in
                            9                                                                                       retail turnover suggests an overall upward trend in growth in both
                                                                                                                    Queensland and Australia.
                            6



                            3



                            0
                            Jun-01    Dec-01         Jun-02        Dec-02       Jun-03       Dec-03        Jun-04

Source: ABS 8501.0




©0, Sunshine Coast Regional Economy, Second Quarter 2004                                                                                                                                                  - 22 -