Retail Sales to Continue to Slow: Deloitte

 In Australia, NewZealand
Retail sales will continue to slow this year as low wages growth sees Australians spend less at the supermarket, and the positive effects of low interest rates wane, Deloitte Access Economics has warned.
Total retail sales growth slipped from 3.3 per cent to 2.5 per cent last financial year and Deloitte predicts it could fall further to 2 per cent this year. 
Weak underlying income growth has seen food retailing lead the downturn, growing at 0.7 per cent in the year to June 2016 compared to 3.4 per cent in non-food retailers, according to the report’s author, David Rumbens. Sydney Morning Herald – Read more…

Recent Posts

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.