Oz Blog News Commentary

Australian consumers plunge into recession

December 5, 2019 - 00:08 -- Admin

The recent flow of macroeconomic data supports the view that Australian households are in recession. The September quarter retail sales figures from the Australian Bureau of Statistics (ABS) revealed that retail sales volumes declined for the first time since the early-1990s recession, falling by 0.2% year-on-year: Yesterday’s new car sales for November, released by the

The post Australian consumers plunge into recession appeared first on MacroBusiness.

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