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Australian retail remains ‘subdued’
date:Jul 26, 2012
ak and broad retail conditions were soft.
Continued flagging economic conditions in Europe and a weakness in house prices and the share-market are weighing on consumer confidence, Dr Annison said.
It is also important to note that retail conditions vary dramatically from state to state, with mining states experiencing healthy retail spending growth and states where mining makes a smaller contribution to the economy battling much weaker retail conditions, he added.
Meanwhile Australian Bureau of

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