Aug 31, 2026 – 6.09pmA slide in retailers’ corporate profits and declining household borrowing suggests domestic consumption is wavering, in line with warnings from ASX-listed retail giants that consumer sentiment on the ground is worse than official data implies.Data from the Australian Bureau of Statistics released on Monday showed while retail trade sales volumes edged up 0.4 per cent over the three months to June, gross profits across the industry fell 5.2 per cent, their biggest quarterly decline since March 2024.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Sliding retail profits, weak borrowing signal consumer spending slowdown
New ABS data on profits give credence to ASX-listed retailers’ warnings that households are tightening their belts amid worsening economic conditions.
102 words~1 min read
