Jun
01
Building Approvals Slump Outweighs Retail Sales Rise
ByTags:
Perhaps some further stimulus might be needed for the home building sector later in the year.That's after a very sharp, 14%-plus & #160;fall in new private home approvals last month.The fall in building approvals was far more important than a 0.6% rise in retail sales in April.Interest rate cuts are out of the question & #160;at the moment and if the Reserve bank did cut, then it would be a ...