Retail sales flat, price rises pump up figures

08 May 2018

 

Retail sales figures have been lacklustre for the past couple of years despite a falling savings rate. Economists have explained the low growth rate as a result of record household debt and modest income growth. While February figures may have done something to suggest a change was about to take place, the latest retail sales figures will have reintroduced some doubts. Total retail sales (seasonally adjusted) technically shrank by a...

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