Growth in Retail Sales
WESTERN Australia’s seasonally adjusted retail sales (in current prices) increased by 1.5 per cent between March and April, the second successive month of strong growth. Retail sales increased by 8.5 per cent through the year to April 2004.
Australia’s retail turnover was flat between March and April, falling by less than 0.1 per cent in seasonally adjusted terms.
The underlying trend shows positive but slow and decelerating growth in recent months, with April's trend growth of 0.2 per cent the lowest since April 2000. However, strong growth in late 2003 means that annual increases in sales are still running quite high, at 7.4 per cent (seasonally adjusted) in the 12 months to April 2004.
Source: ABS Cat. 8501.0