Institutions: Australia's retail industry is still in the worst downturn in history

On July 3, Jinshi data reported that although data showed a rebound in retail sales in Australia in May, the industry is still in the most severe recession in recorded history in terms of duration and scale. Retail sales continue to decline every year. Weak consumption is a key reason for the stagnant GDP growth this year. Retail sales in May increased by 0.6%, twice the expected increase by economists. This is because families took advantage of year-end discounts (for consumption).

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)