Retail sales slow down as rate rises bite

Interest rate rises may be finally catching up with Australian consumers, with retail trade contracting for the first time all year. Retail trade turnover fell 0.2 per cent for the month, breaking a nine-month streak of month-to-month increases. Australian Bureau of Statistics head of retail Ben Dorber said the fall suggested cost-of-living pressures, including lifting […]

This post was originally published on Michael West.