The data is here from earlier, ICYMI. A very poor result, below low expectations:
Couple of quick takes from …
Westpac:
- underscores the weakness apparent in the Q3 national accounts
- points to disappointing momentum heading into 2019
a clearly weak wider retail theme
CBA
- the correction on house prices is spreading to the wider economy
AMP:
- Sharp falls in household goods, clothing & department stores
- Payback for Black Friday and Cyber Monday
- Negative wealth effect impacting … Housing downturn impacting consumer spending