The Australian consumer is wilting

Leith van Onselen

Tuesday 7 August 2018

By Leith van Onselen

The latest round of consumer-related economic data suggests that the Australian consumer might be starting to wilt.

First, last week’s quarterly retail sales data recorded real sales growth of just 2.5% and a weakening trend:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.