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ABC News

Business

Official data confirms Australia in a 'consumer recession' as retail sales drop

Australia Recession ABS Australian Bureau of Statistics Ben Dorber NAB

The National Australia Bank says Australia is now in a "consumer recession". (Pixabay)

Australians are buying significantly fewer goods at shops and department stores, new Australian Bureau of Statistics (ABS) data show.

Retail sales volumes fell 0.6 per cent in the March quarter of 2023, according to the ABS.

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