“Clearly weak” retail numbers in January; worse to come

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. January’s figures have continued that trend and economists do not see signs of a turnaround any time...

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