Retail sales stuck in low-growth mire

11 January 2019

 

Retail sales figures have been lacklustre for the past couple of years but in 2018 the annual growth rate showed some signs of stabilising, albeit at a low rate. Recent months’ figures have been generally in line with or above market expectations. However, they have not been high enough to change a common view amongst economists of a household sector under pressure from high debt levels and low rates of...

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