Figures released today by the Australian Bureau of Statistics reveal steady local retail trade, while business indicators signal declining growth, according to the State's leading business organisation, Business SA.

Retail turnover in South Australia fro April 2009 was 0.1 per cent lower (seasonally adjusted) than the previous month's figures.

This compares to the national retail turnover which had a 0.3 per cent increase during the same month.

Business SA Chief Executive Officer, Peter Vaughan, said the local retail sector was remaining strong and would hopefully receive a boost in coming months.

"While local retail figures were stagnant in April, we look forward to the interest rate cuts and stimulus packages having their desired effect on the econo,y," said Mr Vaughan.

"The current economic climate is continuing to impact on business and consumer confidence, however we are remaining resilient in a challenging environment."

Business Indicator figures for the March quarter released today showed gross profits in Australia decreased 7.2 per cent (seasonally adjusted), while wages and salaries decreased by 0.4 per cent.

Almost all sectors saw a decrease in sales of goods and services, including mining and construction which have led the growth in previous quarters.

South Australia experienced a 1.9 per cent decrease in sales of goods and services and a wage decrease of 2.1 per cent in the March quarter.

FOOD MANUFACTURING AND DISTRIBUTION

Fruit based, healthy snack food product Currently distributed through a range of retail outlets including a major chain Independant plant valuation in excess of $400,00 Current turnover $750,000 per annum plus Some exporting now with provisions for further growthFor sale at $555,000 plus stock For further details contact Brian Sander 8334 0611

ELLISTON BAKERY

This business has been with the same owner for over 20 years, and during that time has built an enviable reputation with the town locals, visiting tourists and most of the travellers moving between Pt. Lincoln and Ceduna. The opportunity to purchase the freehold as well as the business, gives an incoming person the opportunity to really &quotdo something&quot with both the business and premises.For further information contact Bronte Schubert 08 8332 0680