Latest US retail figures weak, probably hurricane affected

15 October 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 robust from September 2017 onwards when annual growth rates started exceeding 5%. There has been the...

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