Panic hits consumer discretionary sector

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By Leith van Onselen

The AFR has delivered another gloomy assessment of the consumer discretionary sector:

Worried Australian consumers are increasingly cutting back spending on discretionary items as they grapple with big home loans and uncertainty about holding onto their jobs, and the consequences are hitting a range of listed companies in the retail, automotive and industrial sectors.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.