The chart below shows the trend series, to November 2008, and seasonally adjusted series, to April 2009.
As the seasonally adjusted series are currently estimated using forward seasonal factors based on data to the June 2008 reference month, the seasonal adjustment factors have not been influenced by spending associated with the stimulus package.
In current price seasonally adjusted terms, Australian turnover increased by 0.3% in April 2009, following a 2.2% increase in March, a decrease of 2.0% in February and increases for the previous four months including a 3.8% increase in December 2008. The level of turnover, in seasonally adjusted terms, remains above the level of the trend at November 2008.
All industry and state seasonally adjusted estimates for April 2009 are above the level of the respective trend estimate at November 2008.