February retail numbers jump; households stockpile food, health items

03 April 2020

 

Growth figures of domestic retail sales have been declining since 2014 and they reached a low-point in September 2017 when they registered an annual 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 before trending lower through 2019. February’s figures have continued the trend and economists expect future months’ figures to deteriorate considerably.  According to...

read full story