Published: 16 May 2024
The ABS has stated that its Retail Trade series will cease from July 2025 and instead the ABS will use its Household Spending Indicator to measure consumer spending. This is a risk for all users of retail data given the short history for the replacement data series. Bank transaction data exhibits more volatility and we may no longer have a reliable measure of retail market sizes. We need more data, not less to help retailers, suppliers, landlords, regulators and investors all make more informed decisions and maximise productivity for the industry.
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