/u/Horatio4040 on ‘Levels not seen since the GFC’: NAB calls the retail recession

In the NAB Monthly Business Survey for May, Mr Oster says while the retail industry has lagged the other sectors for some time, "the recent deterioration has seen conditions in the industry fall to.

‘Levels not seen since the GFC’: NAB calls the retail recession. 06-14 watoday.com.au The bell has tolled for the ailing retail sector, with the National Australia Bank declaring the industry is "clearly in recession". NAUBF MGR CNRAF VCX MRVGF NAB NASXF SCPAF NABZY SCP CQR

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"While the retail industry has lagged the other sectors for some time, the recent deterioration has seen conditions in the industry fall to levels not seen since the GFC," he said.

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While on some level it pains us to say that (frustrates is perhaps more accurate), we have decided to move on," Mr Porcelli.

The retail sector has been plagued with multiple company closures in the past two years but Mr Oster said conditions had deteriorated sharply over recent months. "While the retail industry has lagged the other sectors for some time, the recent deterioration has seen conditions in the industry fall to levels not seen since the GFC," he said.

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‘Levels not seen since the GFC’: NAB calls the retail recession The bell has tolled for the retail sector, with the bank declaring the industry is "clearly in recession". It’s a headache for retail landlords, and tenants.

The retail sector, in particular, has continued to deteriorate and is "clearly in recession", NAB reported. "This has come as no surprise given the trends in household consumption and retail sales.

‘Levels not seen since the GFC’: NAB calls the retail recession The bell has tolled for the retail sector, with the bank declaring the industry is "clearly in recession". It’s a headache for.

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