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Belt tightening causes heartburn in retail and auto

Worried Australian consumers are increasingly cutting back spending on discretionary items as they grapple with big home loans and uncertainty about holding onto their jobs, and the consequences are hitting a range of listed companies in the retail, automotive and industrial sectors.

Belt tightening causes heartburn in retail and auto
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The brittle confidence levels are also threatening to undermine the federal government's ambitious economic growth forecasts.

Read the full article on the Australian Financial Review.

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