Drop in local retail trade and building approvals

Submitted 17/08/2010

Migration for Business Growth

 

Figures released today by the Australian Bureau of Statistics reveal a decline in local retail trade and building approvals.

Retail turnover in South Australia for June 2010 was 0.1 per cent lower (seasonally adjusted) than the previous month's figures.

This compares to the national retail turnover which increased 0.2 per cent during the same month.

Local building approval figures followed the national trend with a significant decrease in June 2010.

Data revealed that South Australian building approvals decreased by a seasonally adjusted 25.4 per cent in June. 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 4.0 per cent. while national figures decreased 2.5 per cent.