December rate rise more likely after US retail figures

16 July 2018

 

Retail sales account for a large part of consumer spending, which itself is typically the largest segment of GDP in an advanced economy. Changes in retail sales have a large effect on GDP growth rates and thus they are of great interest to economists, policy makers and financial markets.  US retail sales had been weak through the Christmas period and into the first couple of months in 2018 but then...

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