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

Archana Chawla shared. Retail industry "clearly in recession": NAB. Industry conditions have fallen to levels not seen since the GFC, with NAB predicting further. Archana Chawla shared. https://lnkd.in/fCekjj5. Sluggish AV business bites.. Please call me if you feel that you or your clients could benefit from this type of protection.

Westpac dropped 0.8 per cent, ANZ and NAB fell 0.4 per cent. economy is releveraging after the GFC hangover. One of today’s biggest losers is Santos, which has dropped as much as 5.5 per cent to.

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In the bank’s Monthly Business Survey for May, NAB chief economist alan oster noted that "the recent deterioration has seen conditions in the industry fall to levels not seen since the GFC". He said this suggested that "the consumer remains highly cautious with anything but spending on essentials because of ongoing slow income growth, high debt.

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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.

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NAB has tasked. heading its retail operations, immediately waiving his annual bonus for the first two financial years as the lender prepared to announce a fifth straight annual loss. RBS, which.

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