You are viewing:-
you're reading...
1.Market Observations, 8.Was Sticky

4 Sept 2019 (TheAge) – ‘Precisely what you’d expect in an economic downturn’: Retail sales tumble despite tax cuts

(4 September, the Age, By Shane Wright and Eryk Bagshaw)

‘The Morrison government’s income tax cuts and lower interest rates have not been enough to get shoppers into the nation’s malls, with retail sales falling and damaging expectations of a post-election confidence boost. The Australian Bureau of Statistics on Tuesday reported retail sales in July, which analysts and the government had expected to see lift on the back of tax cuts that started flowing into bank accounts from mid-July, fell 0.1 per cent.’

Read more at TheAge.com.au

Advertisements

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Advertisements
%d bloggers like this: