Skip to main content

Underlying trends in retail spending still positive

The slowdown in the annual growth of retail sales reflects both the fading of the boost from government subsidies for car purchases and changes in fuel price inflation. Sales excluding both autos and fuel are continuing to recover, albeit at a much slower pace than headline sales, while the latest business and consumer surveys are reassuring too.

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


Get access