Export and Domestic Retail Sales Both Rise

LATEST AUSTRALIAN BUSINESS NEWS

Both Australia'’s export trade as well as domestic trade have recorded growth over the December period.

The value of Australia'’s exports for the month grew 7% while imports only increased by 1%.

Domestic retail sales grew just 0.4% over the same month, which equated to total retail sales of $22.5 billion for December 2005.

Both sets of figures support the prospect for continuing economic growth during 2006, with inflation kept in check and interest rates remaining stable.

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David

david.taylor@agarcarlyon.com