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Household goods continue to drive retail trade growth

January 11, 2016

The recent release of the November 2015 retail trade figures by the Australian Bureau of Statistics revealed continued growth in the Household Goods sector.

As indicated in the graph below, the retail sector grew by 3.8 per cent nationally, with Victoria (5.5 per cent), Tasmania (4.3 per cent) and New South Wales (3.9 per cent), growing at a larger rate than the national average.

Growth Rate by Industry Sub Division
Analysis, conducted by the National Retail Association highlights that solid growth was achieved within the Household Goods subcategory of Furniture and Homewares, which increased by 7.0 per cent. This growth represents an additional $80 million on items such as mattresses, floor rugs, and kitchenware.

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