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Furniture sales drag down retail index

Inside Retail presents the Australian Retail Index.

The index gives a quick overview of retail statistics in four key categories; fashion and accessories, furniture and homewares, sporting and recreational, and other.

Key retail statistics are shown weekly, with yearly comparisons available.

Retail sales 2015-12-07

Sales in the furniture sector took a sharp dive last week finishing down by more than 30 per cent compared to the previous week. Victoria performed best in this negative environment, falling by just 0.64 per cent, while sales in NSW declined be even more than the national average.

Sales on credit have increased by 2.21 per cent in the lead up to Christmas, with a corresponding decrease in sales made on cash or debit, suggesting that consumers are prepared to tap into credit as a payment source during the festive season. Consumers in Western Australia appear more likely to take advantage of credit when it comes to retail spending with 64.57 per cent of purchases made using this payment method in the last seven days, compared to Victoria with just 49.32 per cent.

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