Retail growth outlook slow following decline in April figures

 In Australia, NewZealand

April saw a 0.2 per cent drop in retail figures as Australian’s heeded the Government’s warning that a tough Federal Budget was on the cards, and shied away from making major purchases, Margy Osmond, CEO of the Australian National Retailers Association (ANRA) said.

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Retail figures for April from the Australian Bureau of Statistics show a -0.2 per cent drop bringing the year on year growth to 2.4 per cent – and the first negative result for retail in 2012.
"March was an excellent month for the sector, revised up this month from 0.9 per cent to 1.1 per cent, but it seems it was the blip in the numbers retailers feared, rather than indicating a return to the stores," Ms Osmond said.  RetailWorld – Read more…

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