Advertisement
Aussie retail sales have been structurally weak, falling in per capita terms over the past two years.
Source: AMP (Shane Oliver)
Discretionary ‘brick-and-mortar’ retailers have suffered the most, losing market share to online giants such as Amazon, Temu, and Shein.
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.