Published: August 06, 2018
The latest retail trade figures showed some improvement – but they’re nothing to celebrate
The retail trade data released last week was just the latest disappointment in the search for positive signs of household spending. While the figures showed some slightly better signs, overall they merely confirmed that households have shut their wallets as the lack of real wage growth continues.
One of the things about underperforming sectors of the economy is how quickly previously weak figures are treated as good signs.
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