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1.Market Observations, 8.Was Sticky

1 June 2017 (AFR) – Retailers set for another torrid time – Retail stocks set for more pressure as consumers hold back on spending

(1 June 2017, AFR, p31, by Jessica Sier)

‘Investors in local retailers might be in for a torrid time over the next half year, with consumers hamstrung by rising interest rates, rising petrol prices and rising utility bills.  Speaking at the Crestone Investment Conference in Sydney on Wednesday, UBS’ chief economist Scott Haslam pointed to continued disinflationary pressures driven largely by consumer purse-tightening. “The retail sector has near recessionary conditions in it, especially over the first half of this year,” said Mr Haslam.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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