While there have been numerous reports that the outlook for Christmas will be a positive one, the latest survey from National Australia Bank suggests otherwise.
Poor trading and profits have been the result in the dramatic drop in retail business conditions, as reported by the National Australia Bank monthly business survey for July 2012.
The National Australia Bank’s monthly business survey for June has reiterated the positive results the retail industry is seeing from the RBA's rate cuts.
Reflective of the ABS retail trade figures, the National Australia Bank's monthly business survey for April shows while business conditions deteriorated across all industries, with the exception of retail and mining.
Retail prices have weakened and appear to have fallen slightly in the first quarter of 2012, according National Australia Bank monthly business survey for March.
Retail prices have recorded the weakest outcome in six months, according to National Australia Bank monthly business survey for January 2012.
National Australia Bank’s monthly business survey for December has been released reconfirming the reality of the retail industry continues to remain bleak.