July retail data extend “Impressive rebound”

04 September 2020

 

Summary: Retail sales grow significantly in July; sales extend rebound from April shock; spending in all categories, especially on household goods, rises; economists expect retail growth to “soften going forward”; online sales growing strongly.   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...

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