“Clearly soft” retail sales, drags “intensifying”

04 June 2019

 

Growth figures of domestic retail sales have been declining since 2014 and they hit a low point in September 2017. Annual growth rates then began increasing for about a year, only to stabilise at around 3.0% to 3.5% through late-2018 and early-2019. The previous three months’ reports had provided some encouraging figures but this latest report may represent a return to a weakening trend.  According to the latest ABS figures,...

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