Growth in spending is the slowest in two years – not a great sign for the economy | Greg Jericho | Business | The Guardian

http://www.theguardian.com/business/grogonomics/2016/feb/08/were-spending-less-than-we-did-two-years-ago-not-a-great-sign-for-the-economy

when the Australian Retail Association talks about the Christmas sales setting a record, it’s actually not that big of a statement. Things for the most part cost more now than they did a year ago, and thus even with small wage growth, generally each December we spend more in the shops than we did a year earlier.

Thanks. God bless.

Aaron

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