Retail turnover rises as Aussies spend more on debit cards

Mozo

Thursday 03 November 2011

The latest Australian Bureau of Statistics Retail Trade figures have revealed that seasonally adjusted retail turnover in September was up by 0.4 per cent, suggesting that Aussies are starting to spend more on their debit cards again.

Retail turnover rose in September

Growth was highest in the Australian Capital Territory, followed by the Northern Territory and South Australia.

Turnover increased in all industries, which may suggest that Aussies are become more confident about the state of their finances.

Household goods retailers enjoyed a one per cent increase in turnover, while the cafes, restaurants and takeaway food services sector increased by almost the same amount.

The latest increases follow a rise of 0.6 per cent in August as Aussies started to spend more on their debit cards.

Last month, figures released by electronic funds transfer at point of sale provider Tyro showed that Australians are expected to spend more than $4 billion on their debit and credit cards over the course of 2011.

Have a question about debit cards? Ask the money gurus at Mozo Answers. ADNFCR-1761-ID-800785253-ADNFCR

Compare today's top debit cards

Back to top