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Retails sales Rise

“TREND ESTIMATES The trend estimate of turnover for the Australian Retail and Hospitality/Services series increased by 0.4% in May 2007. This follows revised increases of 0.4% in April 2007 and 0.5% in March 2007. In May 2007, all states and territories had an increase in the trend estimate, except Victoria which was flat. The largest increase occurred in Queensland (+0.9%). SEASONALLY ADJUSTED ESTIMATES The seasonally adjusted estimate of turnover for the Australian Retail and Hospitality/Services series decreased by 0.1% in May 2007. This follows a revised decrease of 0.3% in April 2007 and a revised increase of 1.1% in March 2007. All states and territories except New South Wales (-0.3%), Victoria (-0.7%) and Western Australia (-0.1%) had increases in the seasonally adjusted estimate. The largest increase occurred in Tasmania (+1.0%). ORIGINAL ESTIMATES In original terms, Australian turnover increased by 3.0% in May 2007 compared with April 2007. Chains and other large retailers (which are completely enumerated) increased by 2.9%, while the estimate for ‘smaller’ retailers (the sampled units) increased by 3.1%. Australian turnover increased by 6.7% in May 2007 compared with May 2006. Chains and other large retailers increased by 7.5%, while ‘smaller’ retailers increased by 5.7%. Source ABS”

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