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World

It’s no surprise that retail sales are down

18 August 2023

6:56 PM

18 August 2023

6:56 PM

Following last week’s news of unexpectedly strong economic growth in June of 0.5 per cent, today’s retail sales figures for July come as something of a shock. Across the month, the volume of sales fells by 1.2 per cent compared with June, and was 3.2 per cent lower than in July 2022.

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