Retail spending in Australia slows, indicator shows

The Commonwealth Bank Business Sales Indicator shows a slowing of spending over the past couple of months. "What is most worrying is that the ongoing pessimistic attitude present across Australia looks set to continue and in turn to continue to affect spending decisions," said Craig James, chief economist at Commsec.

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Herald Sun (Melbourne, Australia) (tiered subscription model), The · SmartCompany.com.au (Australia)

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