Retail and car sales hit the wall in sign of economy slowdown

Retail and car sales have hit a wall with new figures showing consumers shut their wallets through the key December shopping period.
The Australian Bureau of Statistics reported retail sales in December were down by 0.4 per cent on the previous month.
While overall spending on food was up for the month, there was a sharp 2.8 per cent retreat in the household goods area while clothing and footwear edged down by 2.4 per cent. Sydney Morning Herald – Read more…