Our third Agribusiness Banker Survey brings a somewhat more encouraging headline figure for agribusiness conditions, although conditions in NSW and to a lesser extent Queensland remain challenging. Spring rain is sorely needed to see an improvement.
Our NAB Online retail sales index data indicates that sales growth was negative in July 2019, following on from an almost flat result in June.
We continue to see considerable disparities between retail sub-sectors. On a yearly basis, our data shows department stores, clothing and footwear going backwards, while household goods is barely in positive territory. Cafes, restaurants & takeaways are outperforming.
Our NAB Online retail sales index data indicates that sales growth was negative in June 2019, following on from strong growth in May.