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MNI BRIEF: Aussie Business Sales Falter in September

MNI (PERTH)
(MNI) Perth
True

The Reserve Bank of Australia has received another sign growth may be slowing, with more than half of the major industry groups reporting a fall in sales turnover in September, according to the Australian Bureau of Statistics.

Seven of the 13 industries tracked reported a decline in monthly turnover, compared to only one industry that reported weaker sales in August. The data is based on monthly reporting by businesses with Goods and Services Tax (GST) turnover of AUD20 million or more.

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The Reserve Bank of Australia has received another sign growth may be slowing, with more than half of the major industry groups reporting a fall in sales turnover in September, according to the Australian Bureau of Statistics.

Seven of the 13 industries tracked reported a decline in monthly turnover, compared to only one industry that reported weaker sales in August. The data is based on monthly reporting by businesses with Goods and Services Tax (GST) turnover of AUD20 million or more.

Keep reading...Show less