Retail sales values were flat in June but broader measures of consumer spending still suggest that private consumption picked up in the second quarter. Some of that strength in Q2 was probably due to the longer than usual Golden Week holiday but consumption should continue to rise strongly ahead of October’s sales tax hike.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services