economy slowdown

Further slow down in Australian economy

Growth in retail trade fell by a seasonally adjusted 1.0 per cent in June after a surprise 0.7 per cent increase in May, the Australian Bureau of Statistics said. Consumers spent just over $20 billion in June, to post retail's weakest growth in six years.

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Brakes on economy

A survey shows the Australian economy is set to record below trend growth and into 2009

The Westpac – Melbourne Institute(WMI) leading index has found Australia’s annualized growth rate was 2.1 per cent in May. This was well below the long-term trend of 3.9 per cent.

Jul 17, 2008

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