Looking beyond the 0.8% surge in headline retail sales, which was boosted by a price-related rise in gasoline sales, there are signs that underlying spending growth has begun to slow. Even accounting for the boost to real incomes from the more recent drop in oil and gasoline prices, we expect consumption growth to slow further in 2019.
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