Tuesday, 5 October 2010

Certainly not boom time.


Back in the real world you would find it hard to convince ordinary Australians that the country is back in some kind of economic boom time. The retail sales figures or August released by the Australian Bureau of Statistics this morning show that.
5-10-2010 retailturnover
In current prices, the trend estimate for Australian turnover rose 0.5% in August 2010 following a rise of 0.5% in July 2010 and a rise of 0.5% in June 2010. The seasonally adjusted estimate for Australian turnover rose 0.3% in August 2010 following a rise of 0.7% in July 2010 and a rise of 0.4% in June 2010.
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