Online sales contract in the month, also slower over the year.
The NAB Quarterly Business Survey showed a continuation of the very upbeat conditions for firms into the September quarter.
Overall sentiment in commercial property markets moderated for the second straight quarter, with NAB’s Commercial Property Index down 5 points to +18 in Q3, but still well above long-term average levels (+2).
NAB’s proprietary indicator of Australian retail sales, the NAB Cashless Retail Sales Index, reveals a rebound in spending in the month of September.
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