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AUSTRALIAN RETAIL TRADE FIGURES SUGGEST STRENGTHENING ECONOMY.
Publication: AsiaPulse News Publication Date: 31-MAR-06 |
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COPYRIGHT 2006 Asia Pulse Pty Ltd
CANBERRA, March 31 Asia Pulse - A return of cashed-up shoppers to the nation's malls and signs of life in the housing sector has spurred new hope that the Australian economy is on the move.
Better than expected retail trade figures, an increase in business borrowing and even an improvement in apartment approvals suggest a strengthening domestic economy.
And Treasurer Peter Costello said although growth was lower than it was two years ago there were signs of positive momentum.
The retail sector has been moribund during the last 12...
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