NCK 0.33% $15.00 nick scali limited

Problems, page-9

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    According to the latest ABS stats for the June Qtr out today, Australians are still buying furniture.
    AFR commented on latest data - "Furniture spending was up 22 per cent year-on-year".
    Maybe they further broke the category down to just Furniture isolated.

    From what I can see in the data.
    $1.512bn in June 21 versus $1.670bn in June 22. Up 10.4%
    $1.6bn in May 22 versus $1.67bn in June 22. Up 4.4%
    Of course we must be aware of the base comp being potentially impact by lockdowns. They fell more into July 21 and Aug 21 so I dont think June 22 has an artificially inflated yoy comp when looking Australia wide.

    https://explore.data.abs.gov.au/vis?lc=en&fs[0]=ABS%20Topics%2C1%7CINDUSTRY%23INDUSTRY%23%7CRetail%20and%20Wholesale%20Trade%23RETAIL_WHOLESALE%23&pg=0&fc=ABS%20Topics&df[ds]=ABS_ABS_TOPICS&df[id]=RT&df[ag]=ABS&df[vs]=1.0.0&pd=2020-07%2C&dq=.04%2B42..AUS.M&ly[cl]=INDUSTRY&ly[rw]=TIME_PERIOD&ly[rs]=MEASURE%2CTSEST

    https://hotcopper.com.au/data/attachments/4576/4576901-5f080e6ff7e1c6a0678827ff2fef32db.jpg




 
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