Food, booze and online propel US retail figures

15 August 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.  Apart from a weak January, US retail sales have been robust from September 2017 onwards when annual growth rates started exceeding...

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