Retail industry confidence tanks on rapid interest rate rises
Advertisement
The latest ABS retail sales data showed that sales growth has fallen every month since February:

Australian retail sales.
Specifically, below are the monthly retail growth rates this year:
The full text of this article is available to MacroBusiness subscribers
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.