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The most recent report from the NAB Online Retail Sales Index (NORSI) is in, with online retail sales slowing slightly in May from 1.6 per cent growth in April, to 1.2 per cent in May.

 

Australian Bureau of Statistics (ABS) stats say that traditional retail sales grew only 0.4 per cent for the month, while online sales were three times that for May.

 

In terms of categories, NORSI records moderate slowing in sales, but all nine segments still recorded double digit growth.

 

Games and Toys online stores were the fastest in 12 months to growth, recording a 29.5 per cent acceleration in sales compared to 26.6 per cent in April. This figure also represents the highest growth out of all the categories in May.

 

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This is the fourth time this year Games and Toys has topped the categories in terms of growth, coming second to Department Stores in April.

 

NAB estimates that Aussie consumers have spent $26.08 billion online in the 12 months to May. This equates to 8.3 per cent of spending at bricks-and-mortar retailers in the 12 months to April, according to the ABS.

 

To read the full report, click here.

 

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