Surprise retail sales jump reduces chances of interest rate cut
Sales rose 1.1% from April through June compared with economists' consensus forecast a 0.3% increase.
Nevil Gibson Thu, 23 Aug 2018
Retail spending in the three months to June surprised on the upside after a soft first quarter.
Economists, worried about the impact of lower business confidence, higher fuel costs and other indicators on consumption growth, had predicted a 01-0.3% increase. Previously published monthly
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