February retail sales disappoint, consumers tighten belts

03 April 2017

 

Australian consumers are not confident about their finances, while competition among retailers is hotting up and driving prices lower. That’s the conclusion economists are drawing from the latest batch of retail sales figures released by the Australian Bureau of Statistics. Sales figures shrank by 0.1% over the month or 2.7% for the 12 months to the end of February.  These numbers were less than market expectations of 0.3% for the...

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