insights from the economic data city of stonnington
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Insights from the economic data – City of Stonnington
Economic Recovery Committee
Greg Houston
27 August 2020
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Victorian retail trade – strongly diverse effects
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Source: ABS, 8501.0 – Retail trade, Australia, June 2020, 4 August 2020; ABS, 8501.0.55.008 – Retail trade, Australia, Preliminary, July 2020, 21 August 2020.
Data indexed to pre-Covidlevels
Food and household goods expenditure is above baseline levels
Cafes/restaurants and clothing stores have seen the largest falls in expenditure
Preliminary July data show 2 per cent decline from June. All other states show increases.
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Nationwide step-change towards online trade
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Source: ABS, 8501.0 – Retail trade, Australia, June 2020, 4 August 2020
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Online step-change includes multi-channel retailers
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Source: ABS, 8501.0 – Retail trade, Australia, June 2020, 4 August 2020
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Victoria, NSW and WA mobility data compared
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Source: Google, COVID-19 community mobility reports
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Vic, NSW, WA – time spent at residences
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Source: Google, COVID-19 community mobility reports
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Vic, NSW, WA – visits to retail and recreation venues
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Source: Google, COVID-19 community mobility reports
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Vic, NSW, WA – visits to grocery and pharmacy stores
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Source: Google, COVID-19 community mobility reports
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Vic, NSW, WA – time spent at work locations
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Source: Google, COVID-19 community mobility reports
Queen’s Birthday
School holidays
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Vic, NSW, WA – CBD vs inner LGA mobility data
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Source: Google, COVID-19 community mobility reports
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NSW, Vic, WA – CBD v inner LGA grocery/pharmacy
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Source: Google, COVID-19 community mobility reports
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NSW, Vic, WA – CBD v inner LGA, retail/recreation
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Source: Google, COVID-19 community mobility reports
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Retail lease vacancies across Stonnington precincts
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Chapel Street activity count, pre- and post lockdown
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Vehicles
Pedestrians
Cyclists
Level over previous weeks
Source: City of Stonnington
Reductions in movement as restrictions increased
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Data ‘Levers’ to support the Stonnington recovery
• Monitoring of ‘direct’ economic stimulus business support initiatives
• ‘Indirect’, medium term levers:› Review status of each precinct, by reference to an
‘increasingly local’ theme.
› Precinct analysis supported by
existing data sources – especially PTV and camera-based counters
wider data gathering initiatives – covering more precincts.
› Data to inform planning process, eg, trading hours and regulatory hurdles to changed operation.
› Data to inform business groups directly, eg, effect of retail promotions.
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