Friday, November 2, 2018

Tepid retails sales confirm increasingly cautious consumer

Australian households are becoming increasing more cautious according the the latest retail sales data released this morning. 

Sales grew just 0.2 percent seasonally adjusted in September with lower spending on clothing, footwear accessories. 

ABC's Peter Ryan says the soft data could be early evidence that falling real estate values in Sydney, Melbourne and Brisbane are tempering attitudes to perceived household wealth.


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