On a month-on-month, seasonally adjusted basis, the index contracted in July (-2.6%), following downwardly revised growth in June (2.5%, was 2.8%).
![NAB Online Retail Sales Index – July 2024](https://wsrv.nl/?url=https://business.nab.com.au/wp-content/uploads/2024/08/BRI_Main_757x568_Stream-3_5@2x-934x654.png&w=40&h=40&blur=5&q=70&output=jpg)
![NAB Online Retail Sales Index – July 2024](https://business.nab.com.au/wp-content/uploads/2024/08/BRI_Main_757x568_Stream-3_5@2x-934x654.png)
Report
The NAB Commercial Property Index dipped sharply to a below average level in the June quarter as the economy tracked through a weak period of growth and business conditions waned. Sentiment weakened in all property market sectors - particularly retail property. Confidence also fell and was lower in all states bar WA with VIC the clear underperformer in all sectors - especially in office and retail markets.
Read the full report here: NAB Commercial Property Survey (Q2 2024)
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