{"id":58856,"date":"2024-10-31T08:42:30","date_gmt":"2024-10-31T08:42:30","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=58856"},"modified":"2024-10-31T08:43:29","modified_gmt":"2024-10-31T08:43:29","slug":"australian-retail-sales-and-building-approvals","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2024\/10\/31\/australian-retail-sales-and-building-approvals\/","title":{"rendered":"Australian retail sales and building approvals"},"content":{"rendered":"<p>Seasonally adjusted retail sales grew by 0.5% in volume terms in the September quarter.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-10-31-aus-retail.png?resize=525%2C276&#038;ssl=1\" alt=\"Australia: Retail Sales\" width=\"525\" height=\"276\" \/><\/p>\n<p>The headline number, however, disguises the underlying stress consumers are experiencing. Per capita retail sales are falling steeply.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-10-31-aus-retail-percapita.png?resize=525%2C283&#038;ssl=1\" alt=\"Australia: Retail Sales per Capita\" width=\"525\" height=\"283\" \/><\/p>\n<p>The RBA is unlikely to act on this, however. Instead, it will focus on headline numbers like dwelling approvals, which have broken their recent downtrend.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-10-31-aus-buildingapprovals.png?resize=525%2C276&#038;ssl=1\" alt=\"Australia: Building Approvals\" width=\"525\" height=\"276\" \/><\/p>\n<h2>Conclusion<\/h2>\n<p>A November rate cut remains unlikely.<\/p>\n<h4>Acknowledgments<\/h4>\n<ul>\n<li>ABS: <a href=\"https:\/\/www.abs.gov.au\/statistics\/industry\/retail-and-wholesale-trade\/retail-trade-australia\/sep-2024\">Retail Sales<\/a><\/li>\n<li>ABS: <a href=\"https:\/\/www.abs.gov.au\/statistics\/industry\/building-and-construction\/building-approvals-australia\/sep-2024\">Building Approvals<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Seasonally adjusted retail sales grew by 0.5% in volume terms in the September quarter. The headline number, however, disguises the underlying stress consumers are experiencing. Per capita retail sales are falling steeply. The RBA is unlikely to act on this, however. Instead, it will focus on headline numbers like dwelling approvals, which have broken their &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2024\/10\/31\/australian-retail-sales-and-building-approvals\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Australian retail sales and building approvals&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,3761],"tags":[515,2943,6695],"class_list":["post-58856","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-gdp-and-activity","tag-building-approvals","tag-retail-sales","tag-retail-sales-per-capita"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Australian retail sales and building approvals - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australian retail sales and building approvals - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Seasonally adjusted retail sales grew by 0.5% in volume terms in the September quarter. The headline number, however, disguises the underlying stress consumers are experiencing. Per capita retail sales are falling steeply. The RBA is unlikely to act on this, however. Instead, it will focus on headline numbers like dwelling approvals, which have broken their &hellip; Continue reading &quot;Australian retail sales and building approvals&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2024\/10\/31\/australian-retail-sales-and-building-approvals\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-31T08:42:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-31T08:43:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.incrediblecharts.com\/images\/2024\/2024-10-31-aus-retail.png\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2024\/10\/31\/australian-retail-sales-and-building-approvals\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2024\/10\/31\/australian-retail-sales-and-building-approvals\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Australian retail sales and building approvals\",\"datePublished\":\"2024-10-31T08:42:30+00:00\",\"dateModified\":\"2024-10-31T08:43:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2024\/10\/31\/australian-retail-sales-and-building-approvals\/\"},\"wordCount\":76,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2024\/10\/31\/australian-retail-sales-and-building-approvals\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2024\/2024-10-31-aus-retail.png\",\"keywords\":[\"building approvals\",\"retail sales\",\"Retail Sales per Capita\"],\"articleSection\":[\"Australia &amp; 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The indicators are based on the millions of credit and debit card transactions processed by Westpac every day. Transactions covering over ten million merchants are grouped into higher level aggregates that provide a timely guide to wider economic trends. The national index\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":49252,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/03\/01\/core-pce-surprise-jump\/","url_meta":{"origin":58856,"position":1},"title":"Core PCE surprise jump","author":"Colin Twiggs","date":"March 1, 2024","format":false,"excerpt":"Monthly core PCE -- the Fed's favorite measure of underlying inflation -- jumped by 0.416% or 5.0% annualized. 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The 3-month (orange) and 6-month (gray) moving averages have turned upwards but not yet crossed the descending annual\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Core PCE - Monthly","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-29-pce-core-m.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-29-pce-core-m.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-29-pce-core-m.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":14917,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/03\/03\/us-why-the-enthusiasm\/","url_meta":{"origin":58856,"position":2},"title":"US: Why the enthusiasm?","author":"ColinTwiggs","date":"March 3, 2017","format":false,"excerpt":"Retail sales are surging, with Retail & Food (ex-Motor Vehicles) growing above 5% a year for the first time since 2012. Light vehicles sales are back at their 2000-2006 norm of 17.5 million units a year, reflecting consumer confidence. Housing remains soft but growth in new starts and building permits\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59679,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/12\/05\/australia-rba-unlikely-to-play-santa\/","url_meta":{"origin":58856,"position":3},"title":"Australia: RBA unlikely to play Santa","author":"Colin Twiggs","date":"December 5, 2024","format":false,"excerpt":"Despite the chorus of pleas from interest groups, the RBA is unlikely to deliver an early rate cut. Strong government spending prevents the slide into recession and increases upward pressure on prices. The ASX 200 also remains in a strong uptrend. ASX Stocks Australia's ASX 200 is testing resistance at\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"ASX 200 Index","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-12-05-xjo.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-12-05-xjo.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-12-05-xjo.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":44740,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/10\/18\/strong-us-retail-activity-unlikely-to-last\/","url_meta":{"origin":58856,"position":4},"title":"Strong US retail activity unlikely to last","author":"Colin Twiggs","date":"October 18, 2023","format":false,"excerpt":"Real retail sales remain strong, holding above the pre-pandemic trend (dotted line) in September. Supported by a strong jobs market, with low unemployment. The labor market remains tight, with employers holding on to staff -- cutting weekly hours rather than resorting to layoffs. The consumer sentiment trough in June 2022\u2026","rel":"","context":"In &quot;Deficit Spending &amp; Employment&quot;","block_context":{"text":"Deficit Spending &amp; Employment","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/deficit-spending-employment\/"},"img":{"alt_text":"Real Retail Sales","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-10-18-realretail.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-10-18-realretail.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-10-18-realretail.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":12401,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/10\/15\/weak-us-retail-sales-belie-strong-fundamentals\/","url_meta":{"origin":58856,"position":5},"title":"Weak US retail sales belie strong fundamentals","author":"ColinTwiggs","date":"October 15, 2015","format":false,"excerpt":"Lucia Mutikani at Reuters writes: U.S. retail sales barely rose in September and producer prices recorded their biggest decline in eight months, raising further doubts about whether the Federal Reserve will raise interest rates this year. The weak reports on Wednesday were the latest suggestion that the economy was losing\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"Retail Sales","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-10-15-retailsales.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-10-15-retailsales.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-10-15-retailsales.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/58856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=58856"}],"version-history":[{"count":2,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/58856\/revisions"}],"predecessor-version":[{"id":58858,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/58856\/revisions\/58858"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=58856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=58856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=58856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}