November retail figures “a strong result”

11 January 2023

 

Summary: Retail sales up 1.4% in November, more than double expectations; “a strong result”; largest influence on month from clothing sales. Growth figures of domestic retail sales spent most of the 2010s at levels below the post-1992 average. While economic conditions had been generally favourable, wage growth and inflation rates were low. Expenditures on goods then jumped in the early stages of 2020 as government restrictions severely altered households’ spending...

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