Builders, shops hit in slowdown: RBA

Home builders and shopping outlets have been identified by Australia’s central bank as among the businesses facing the greatest difficulties in the country’s slowing economy.

“The financial health of businesses generally remains good,” the Reserve Bank of Australia said in its Financial Stability Review on Friday, but pointed to “risks in some industries”.

“Discretionary retailers, small businesses, some construction firms and those affected by the drought are confronting challenging conditions,” the RBA said in the publication it releases every six months.

AAP

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