Separate report on Building Approvals showed that seasonally adjusted estimate for total dwellings approved fell 6.2% in February. The seasonally adjusted estimate for private sector houses rose 1.9% in February. The seasonally adjusted estimate for private sector dwellings excluding houses fell 16.4% in February. The seasonally adjusted estimate of the value of total building approved rose 4.1% in February. The value of residential building fell 4.3%, while the value of non-residential building rose 22.6%.
Australian Retail Sales up by 0.6%
- Wednesday, Apr 04 2018
The trend estimate rose 0.4% in February 2018. This follows a rise of 0.3% in January 2018 and a rise of 0.3% in December 2017. The seasonally adjusted estimate rose 0.6% in February 2018. This follows a rise of 0.2% in January 2018 and a fall of 0.5% in December 2017. In trend terms, Australian turnover rose 2.7% in February 2018 compared with February 2017. The following industries rose in trend terms in February 2018: Food retailing (0.3%), Household goods retailing (0.6%), Other retailing (0.4%), Cafes, restaurants and takeaway food services (0.4%), and Clothing, footwear and personal accessory retailing (0.4%). Department stores (-0.2%) fell in trend terms in February 2018.