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在线翻译:
szdaily -> World Economy -> 
Wary Australian consumers dampen July retail sales
    2018-09-04  08:53    Shenzhen Daily

AUSTRALIAN retail sales fizzled out in July while nationwide home prices fell again in August and a measure of job advertisement eased, suggesting a further dent in consumer confidence and spending.

Yesterday’s figures from the Australian Bureau of Statistics (ABS) showed retail sales for July were flat, the weakest result since March. That lagged expectations of 0.3 percent growth and followed a respectable 0.4 percent rise in June.

Clothing and footwear led declines with a 2 percent fall while sales at department stores eased 1.9 percent and household goods retailing faltered 1.2 percent. The drops were offset by gains in food, cafes and restaurants, a category that has remained resilient over the past year or so.

The disappointing sales come as economists worry about the impact on household consumption from snail-paced wage growth and a slowdown in Australia’s housing market.

Worryingly, data out earlier in the day showed Australian job advertisements eased in August and were no longer pointing to a further decline in the unemployment rate.

Separate figures showed home prices fell for the 11th straight month in August as banks tighten lending standards amid damaging revelations of some of their business practices.

Lending growth is at its weakest in more than four years while measures of consumer confidence have remained subdued for more than a year now.

(SD-Agencies)

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