All All Industry Insights Industry News Media Release Member Only Articles NRA Events NRA Legal NRA Partners NRA Projects NRA Training and Development Policy & Advocacy Policy Updates Technology Tenancy & Leasing Testimonials Thought Leaders Weekly CEO Update WHS Update

Aussie shoppers splurge record $47.5 billion during Christmas, according to ABS

February 06, 2018

December 2017 retail sales data released today by the Australian Bureau of Statistics (ABS) has revealed that Australians splurged a record $47.5 billion during the 2017 Christmas period.

The figures closely align with the pre-Christmas forecasts made by peak retail industry body the National Retail Association (NRA), who predicted $48 billion in sales over Christmas.

NRA CEO Dominique Lamb said the figures reveal that retail experienced another strong Christmas period.

“For the entire Christmas trade period – which covers half of November and all of December – the ABS figures show there was a record retail spend of $47.5 billion,” Ms Lamb said.

“The final Christmas figures for 2017 are almost identical to those that the NRA released last November, when we forecast sales of approximately $48 billion.

“It is clear that Australian retail experienced another strong sales period in Christmas 2017 and this bodes well for retail as we enter the second month of 2018.”

The December 2017 ABS retail figures showed that sales grew by 0.5 per cent in trend terms and rose be 2.0 per cent for the December 2017 quarter compared with 2016.

In trend terms there were rises in Food retailing (0.3%), Cafes, restaurants and takeaway (0.4%), and clothing, footwear and personal accessories (0.5%).

All states and territories, other than the Northern Territory, recorded a rise in trend terms for December 2017 with the largest increases in South Australia (0.6%) and Victoria (0.5%).

NRA Media

  • National Retail Association strengthens support for members on leasing and tenancy
    June 01, 2021

    We are pleased to have strengthened our partnership with Lpc Cresa, a leading advisor to retail tenants across Australia and New Zealand, to assist our…

    Read More
    September 03, 2018

    To download the nomination form, click here

    Read More
  • Closing Loopholes Bill No. 2 passes Parliament 
    February 20, 2024

    Earlier this month, it was confirmed that both Houses of Parliament passed the second tranche of amendments to the Fair Work Act 2009 (Cth) under…

    Read More
  • Jump start your business for 2021 and step ahead of the competition
    November 20, 2020

    2020 has undoubtedly been one of the most challenging years for all of us. It has created unprecedented trends in every industry, and shown retailers…

    Read More
  • NRA members winners in new partnership with Aussie Broadband
    November 16, 2020

    You must be logged in to view this content.

    Read More

What our clients say

Want to chat?
Contact our team today!