Some sectors, including retail, saw a modest improvement due to customer behaviours.
$22.4 billion in tax refunds aren’t reaching retailers.
Retail fell “well below average” and is one of the weakest across all industries, says NAB.
Industry conditions have fallen to levels not seen since the GFC.
Monthly survey shows declining business confidence and conditions.
Retailers saw online sales dip in December, after big November.
But retail saw the second biggest gain in the month.
Reports paint a gloomy picture for retailers.
Power issue blamed for series of faults.
NAB tracks “concerning” signs for the retail sector.