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Rising retails sales could indicate a wider economic turnaround

A number of economic factors have shaken the Australian economy in recent months, with fluctuating global confidence and shifting exchange rates making it almost impossible for real estate professionals to predict the outcome.

But one good piece of news has been released - consumers are beginning to shop once again.

The Australian Bureau of Statistics (ABS) have today (October 5) released their Retail Trade notes for August 2011 that show a seasonally adjusted increase of 0.6 per cent in turnover for the industry over the previous month.

While some economists had suggested an increase of 0.2 per cent was more likely to occur, the figures could show that the Australian population is looking to spend again - especially as it is still well outside the traditional Christmas spending season.

One of the largest sector shifts measured by the ABS was in household goods, with turnover in these products rising by 1.7 per cent - a fair indicator that people are starting to pay attention to their dwellings once more.

If the trend continues in the months following the new year, real estate professionals with property training could be looking at a newly invigorated marketplace that is interested in trading up on their current housing arrangements.





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