Building approvals tail off
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Tuesday, 5 December, 2000 - 21:00
The post-GST effect on both residential building and retail sales appears to be tailing off, with both indicators improving from their July trough nationally and in WA on a seasonally adjusted basis.
However, the underlying trend in both appears weak, with declining retail sales recorded both nationally and in WA between September and October (on a seasonally adjusted basis - the ABS is still not publishing trend estimates of retail turnover), and decelerating but still negative underlying trend estimates of building approvals.
However, the underlying trend in both appears weak, with declining retail sales recorded both nationally and in WA between September and October (on a seasonally adjusted basis - the ABS is still not publishing trend estimates of retail turnover), and decelerating but still negative underlying trend estimates of building approvals.