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1.Market Observations, 8.Was Sticky

4 Sept 2019 (TheAge,SMH) – A $16 billion cash boost for consumers – so why aren’t we shopping?

(4 September 2019, The Age, Business, p27, Elizabeth Knight)

‘A $16 billion boost to disposable income should have opened consumers’ wallets, but as yet they remain closed. There was plenty of hype and anticipation attached to the July retail sales numbers released by the Australian Bureau of Statistics (ABS) on Tuesday. So the 0.1 per cent fall in retail sales was a serious let down. Economists had anticipated a rise of 0.2 per cent.’


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