Retail spending and building approvals fall
Submitted 15/04/2010
Migration for Business Growth
Figures released by the Australian Bureau of Statistics reveal a decrease in local retail trade and building approvals.
Retail turnover in South Australia for February 2010 was 1.7 per cent lower (seasonally adjusted) than the previous month's figures.
This compares to the national retail turnover which had s 1.4 per cent decreas during the same month.
Local building approval figures followed the national trend with a decrease in February 2010.
Data revealed that South Australian building approval decreased by a seasonally adjusted 23.3 per cent in February. This was in line with the national trend which saw a decrease of 3.3 per cent.
Approvals for private housing in South Australia decreased by 5.9 per cent, while national figures saw a 0.9 per cent decrease.


