Rate cuts, tax cuts: no effect on retail sales yet

03 September 2019

 

Growth figures of domestic retail sales have been declining since 2014 and they reached a low-point in September 2017 when they registered a growth rate of just 1.5%. They then began increasing for about a year, only to stabilise at around 3.0% to 3.5% through late 2018. So far, 2019 has produced a number of low-growth months along with the odd surprisingly strong result, lowering the annual growth rate.  According...

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