"While the retail industry has lagged the other sectors for some time, the recent deterioration has seen conditions in the industry fall to levels not seen since the GFC," he said.
The retail. in recession", NAB reported. "This has come as no surprise given the trends in household consumption and retail sales data. "In seasonally adjusted terms, conditions in the retail.
While system-wide residential defaults only lifted to circa 1 per cent during the GFC, Tepper forecasts they will jump 40 times higher than current marks, or to levels that are. share price falls.
"While the retail industry has lagged the other sectors for some time, the recent deterioration has seen conditions in the industry fall to levels not seen since the GFC. This suggests that the consumer remains highly cautious with anything but spending on essentials because of ongoing slow income growth, high debt levels and possibly some concerns over falling house prices" Mr. Oster said.
It’s now safe to call. scale seen in many parts of the world during the GFC. NAB Even forgiving that Australian capital city prices have risen a long way over the past couple of decades, with this.
It also rivals or has exceeded some of the declines seen in overseas markets during the GFC. declines have not been uniform in nature, including in some specific markets where prices have not.
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shows a 10-percentage-point fall in confidence to a level not seen since the 2008-09 financial crisis. The biggest falls have been in the finance sector, manufacturing and transport, while retail is.
But as value investors who buy stocks on the cheap, rewards ultimately flowed as bank shares began their 15-year run until the GFC. More than 20 years on and no recessions since. stockmarket, a.
The Fed has lifted rates nine times since. levels). "That said, we have noted that on the only two occasions in the post-GFC era that AUD has traded below 0.70 (September 2015 and January/February.
‘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.